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View synonyms for balance of trade
balance of trade
[ bal-uhns uhv treyd ]
noun
, Economics.
- the difference between the values of the exports and imports of a country, said to be favorable when exports are greater, and unfavorable when imports are greater. trade deficit ( def ), trade surplus ( def ).
balance of trade
noun
- economics the difference in value between total exports and total imports of goods Also calledvisible balance Compare invisible balance
balance of trade
- That part of the balance of payments relating to goods only (as opposed to services , monetary movements, official reserve transactions, etc.).
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Notes
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 .
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Word History and Origins
Origin of balance of trade1
First recorded in 1660–70
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