balance of trade


balance of trade
net flow of goods (exports minus imports) between two countries. Bloomberg Financial Dictionary
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The difference between a country's imports and exports. Chicago Mercantile Exchange Glossary

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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 goods and services imported and exported; = TRADE BALANCE:

• The overall balance of trade in the UK is improving as a result of the strong currency.

2. the difference in the total value of imports and exports between two countries or areas:

• The US and Europe sell nearly $100 billion worth of goods and services a year to each other. For the moment, the balance of trade is in the US's favor.

ˌadverse ˌbalance of ˈtrade also ˌadverse ˈtrade ˌbalance ECONOMICS
when the value of a country's imports is greater than the value of its exports
ˌfavourable ˌbalance of ˈtrade , favorable balance of trade ECONOMICS
when the value of the country's exports is greater than the value of its imports

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   Monetary record of a country's net imports and exports of physical merchandise. It can be negative, showing that a country is importing more than it exports, or positive, showing it exports more than it imports.

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balance of trade UK US noun [singular] (also trade balance, also visible balance)
ECONOMICS the difference between the money that a country receives from exports and the money it spends on imports: »

Official figures yesterday showed the balance of trade in goods plunged to a record deficit.

»

balance of trade deficit/surplus

»

adverse/favourable balance of trade


Financial and business terms. 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 — 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 — 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 — 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 • Syn: ↑trade balance, ↑visible balance, ↑trade gap • Hypernyms:… …   Useful english dictionary

  • 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


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