Try Our Apps


Supposedly vs. Supposably

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.
Cite This Source
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
Cite This Source
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.
Cite This Source

Word of the Day

Difficulty index for balance of trade

Few English speakers likely know this word

Word Value for balance

Scrabble Words With Friends