balance of trade


balance of trade
noun
the difference in value over a period of time of a country's imports and exports of merchandise
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a nation's balance of trade is favorable when its exports exceed its imports

Hypernyms: ↑balance

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: the difference in value over a period of time between imports and exports of commodities or formerly of commodities and such transactions as services and remittances

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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.
[1660-70]

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balance of trade
The difference in value between a country's imports and exports
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Main Entry:balance

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balance of trade UK US noun [singular] economics
the difference between the value of all the goods a country sells to foreign countries and all the goods it buys from them
Thesaurus: international tradehyponym general words for the activity of buying and sellinghyponym

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balance of trade,
the difference between the value of all the imports and that of all the exports of a country.

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the difference in value between a country's imports and exports

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noun [singular]
: the difference between the amount of money that a country spends on its imports and the amount that it earns from its exports

Each nation tries to maintain a favorable balance of trade with other countries. [=they try to earn more from their exports than they spend on their imports]

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ˌbalance of ˈtrade [balance of trade] (also ˈtrade balance) noun singular
the difference in value between imports and exports

a balance-of-trade deficit

(= when a country spends more on imports than it earns from exports)
See also:trade balance

Useful english dictionary. 2012.

Look at other dictionaries:

  • Balance of trade — Balance Bal ance (b[a^]l ans), n. [OE. balaunce, F. balance, fr. L. bilanx, bilancis, having two scales; bis twice (akin to E. two) + lanx plate, scale.] 1. An apparatus for weighing. [1913 Webster] Note: In its simplest form, a balance consists… …   The Collaborative International Dictionary of English

  • balance of trade — ► balance of trade the difference in value between a country s imports and exports. Main Entry: ↑balance …   English terms dictionary

  • balance of trade — n [singular] the difference in value between the goods a country buys from abroad and the goods it sells abroad …   Dictionary of contemporary English

  • balance of trade — noun singular the difference between the value of all the goods a country sells to foreign countries and all the goods it buys from them …   Usage of the words and phrases in modern English

  • balance of trade — n. the difference in value between all the merchandise imports and exports of a country …   English World dictionary

  • Balance of trade — Cumulative Current Account Balance 1980–2008 based on the International Monetary Fund data …   Wikipedia

  • 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. [1660 70] * * * Difference in value over a period of time between a nation s imports and… …   Universalium

  • Balance of trade — Net flow of goods (exports minus imports) between countries. The New York Times Financial Glossary * * * balance of trade ˌbalance of ˈtrade noun [singular] ECONOMICS 1. the part of a country s balance of payments that relates to the value of… …   Financial and business terms

  • balance of trade — net flow of goods (exports minus imports) between two countries. Bloomberg Financial Dictionary The difference between a country s imports and exports. Chicago Mercantile Exchange Glossary * * * balance of trade ˌbalance of ˈtrade noun [singular] …   Financial and business terms

  • balance of trade — balances of trade N COUNT: usu sing A country s balance of trade is the difference in value, over a period of time, between the goods it imports and the goods it exports. The deficit in Britain s balance of trade in March rose to more than 532100 …   English dictionary