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balance of trade

[ bal-uhns uhv treyd ]

Phonetic (Standard)IPA

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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Example Sentences

Examples have not been reviewed.

India has already slashed tariffs on some US goods, with further cuts expected as the balance of trade is still stacked heavily in favour of Delhi, which enjoys a $45bn trade surplus.

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Only 1% of economists said they thought the Trump move would improve America’s balance of trade.

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For Trump, the measure in question is balance of trade.

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But the balance of trade, in most cases, favours China massively.

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It has been under pressure all year from Russia's shrinking balance of trade, as export revenues fall and imports rebound, dropping around 28% year-to-date from levels near 70 to the dollar.

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