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. Are we all agreed so far?"
Backed by the political and people-to-people interactions, bilateral trade continued to soar despite global headwinds." "Valued at $180 million per annum in the 1970s, the balance of trade volume between India and the UAE is now worth $57 billion, making India the largest trading partner of the UAE, while the UAE is India's third largest trading partner - after China and the US.
They might start with this fact: 'Balance of Trade in Philippines averaged a deficit of $343 million per month from 1957 until 2018.'
'If the impact on balance of trade was to come, it would have in the last 3-4 months, as authorities have been devaluing rupee for about eight months now.' Schehzad said the country needs structural changes, like diversifying exports instead of heavily relying on the textile sector, lowering cost of production and rationalising taxes on imports and exports.
Despite the unfavorable balance of trade, the economy expanded at a rate of 5.7 percent compared with 4.8 percent in the same period of last year.
However, as imports exceeded exports, the balance of trade in February ended at a deficit of $3.06 billion, wider than the $1.77 billion posted in February last year.
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.
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.
As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public with regard to Indias export, import and balance of trade data in an analytical format, over time and space, Commerce & Industry Minister Smt.
Bulgariaas balance of trade remained negative in July and amounted to Euro 32.8 M, compared to a deficit of Euro 254.2 M a year ago.