balance of trade
the difference between the values of the exports and imports of a country, said to be favorable when exports are greater, and unfavorable when imports are greater.: See also trade deficit, trade surplus.
Origin of balance of trade
1Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
British Dictionary definitions for balance of trade
economics the difference in value between total exports and total imports of goods: Also called: visible balance Compare invisible balance
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for balance of trade
That part of the balance of payments relating to goods only (as opposed to services, monetary movements, official reserve transactions, etc.).
Notes for balance of trade
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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