balance of trade

noun
the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports.

Origin:
1660–70

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Collins
World English Dictionary
balance of trade
 
n
economics Compare invisible balance Also called: visible balance the difference in value between total exports and total imports of goods

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

balance of trade definition


That part of the balance of payments relating to goods only (as opposed to services, monetary movements, official reserve transactions, etc.).

Note: A nation whose imports are worth more than its exports is said to have an unfavorable balance of trade, or to be running a trade deficit.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
We are racking up record monthly balance of trade deficits.
With other nations the balance of trade is either against us, or not much in
  our favour.
Both our balance of trade and our ability to invest abroad would be
  strengthened.
US has been buying supplies for military and foreign aid abroad to help
  countries with unfavorable balance of trade.
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