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.
The scenario demanded urgency to negotiate with our close friend Indonesia so that balance of trade between two countries may equally compliment exports from Pakistan, said the BMP President.
The balance of trade surplus in is favor of the United States with RO112,870,776.
I think by developing private to private contacts, we can gradually increase the volume of bilateral trade and Pakistan would wish to achieve the favourable balance of trade with Russia', the LCCI President concluded.
BEIRUT: Lebanon urged Russia to facilitate the entry of more Lebanese-made goods into the country to narrow the deficit in the balance of trade between the two states.
The new Dashboard gives a graphical collection of exports, imports and balance of trade of India; e.
For the period January-July, the balance of trade registered a deficit of Euro 848.
British provider of financial services Barclays on Thursday revealed that following a record summer of spending, England is running the largest balance of trade deficit on players in the world football transfer market at GBP379.
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.
However despite of significant Trade efforts and Foreign Policy measures the Balance of Trade has been in deficit since 1950 till to date.
The Minister spoke of the importance of export activities to the UK economy and, as the North East is recognised as one of the only regions in the UK with a positive balance of trade, more can be done to encourage other exporters.