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Definition of Balance of trade

Babylon English

equality of trade between two countries (or states, etc.)
Balance of trade Definition from Language, Idioms & Slang Dictionaries & Glossaries
hEnglish - advanced version

balance of trade
n : 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 ]


balance of trade
(pol. econ.), an equilibrium between the money values of the exports and imports of a country; or more commonly, the amount required on one side or the other to make such an equilibrium...
see balance

WordNet 2.0

Noun
1. 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"
(synonym) trade balance, visible balance, trade gap
(hypernym) balance
Balance of trade Definition from Business & Finance Dictionaries & Glossaries
BTS Transportation Expressions
The difference between a country's total imports and exports; if the exports exceed the imports, a "favorable" balance of trade exists. (TNDOT1)
By the Bureau of Transportation Statistics.
Campbell R. Harvey's Hypertextual Finance Glossary
Net flow of goods (exports minus imports) between countries.
Copyright © 2000, Campbell R. Harvey. All Rights Reserved.
MONASH Marketing Dictionary
the difference between the value of the goods and services sold to foreign nations (exports) and the value of the goods and services bought from foreign nations (imports) in a given period.
2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.
Balance of trade Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance.

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Balance of trade Definition from Sports Dictionaries & Glossaries
maritime&shipping&trade
The difference between a country's imports and exports