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balance of trade

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 of balance of trade
1660-70 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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British Dictionary definitions for balance-of-trade

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
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balance-of-trade in Culture

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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