balance of trade


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Related to balance of trade: Balance of Payment

balance of trade

n.
The difference in value between the total exports and total imports of a nation during a specific period of time.

balance of trade

n
(Economics) economics the difference in value between total exports and total imports of goods. Also called: visible balance Compare invisible balance

bal′ance of trade′


n.
the difference in value between imports and exports, said to be favorable to a country when exports are greater.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.balance of trade - the difference in value over a period of time of a country's imports and exports of merchandisebalance of trade - the difference in value over a period of time of a country's imports and exports of merchandise; "a nation's balance of trade is favorable when its exports exceed its imports"
balance - the difference between the totals of the credit and debit sides of an account
Translations

balance of trade

nbilancia commerciale
References in classic literature ?
There are persons who imagine that they can never be carried to too great a length; since the higher they are, the more it is alleged they will tend to discourage an extravagant consumption, to produce a favorable balance of trade, and to promote domestic manufactures.
And that unconsumed surplus, sold abroad, becomes what we call our favorable balance of trade.
In his Wealth of Nations (1776), Adam Smith criticized "the mercantilist system," which considered imports harmful, and he denied the common prejudice against a negative balance of trade.
The price level elasticity of aggregate demand is a concept which has been overlooked in both macroeconomic textbooks (3) and the research literature (4) but is a relevant influence for the balance of trade and changes in the size of the trade deficit or surplus.
e West Midlands is the only UK region to enjoy a net balance of trade surplus with China - selling PS1.
The 2013 balance of trade deficit figures have not yet been announced.
BEIRUT: Lebanon recorded the highest balance of trade surplus with Syria thanks to exports of fuel oil to its war-ravaged neighbor, according to figures released this week by the Beirut Chamber of Commerce.
The problem, as our balance of trade figures show is that the consumer goods would have to be imported, and as we import more than we export this would have to be financed by borrowing.
In the first quarter of 2012, the external balance of trade in services of the EU was in surplus by 25.
Summary: NEW DELHI - India slashed its full-year growth forecast on Friday amid slowing domestic and global demand, with officials warning the government was facing a serious balance of trade problem and will have a tough time meeting its fiscal deficit target.
The balance of trade in both goods and services fell into the red for the first time in two months with a deficit of 182.
The balance of trade for October showed a deficit of EUR 420 million.