balance of trade

Other forms: balances of trade

Definitions of balance of trade
  1. noun
    the difference in value over a period of time of a country's imports and exports of merchandise
    “a nation's balance of trade is favorable when its exports exceed its imports”
    synonyms: trade balance, trade gap, visible balance
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    type of:
    balance
    the difference between the totals of the credit and debit sides of an account
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