BALANCE-TRADE

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

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To balance-trade
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
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
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.
Cite This Source
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature