balance of trade

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Definitions from WordNet

Noun balance of trade has 1 sense

balance of trade, trade balance, visible balance, trade gap - 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"
--₁ is a kind of balance

Definitions from the Web

Balance of Trade

Description:

The balance of trade, also known as trade balance, is a measure of the difference between a nation's exports and imports during a certain period. It is a key indicator of the economic relationship between a country and its trading partners, often reflecting the competitiveness of its industries and the health of its economy.

Sample Sentences:

The balance of trade between China and the United States remains a contentious issue in their ongoing trade negotiations.
A positive balance of trade indicates that a country's exports exceed its imports, contributing to economic growth.
A negative balance of trade implies that a country is importing more than it is exporting, which can have adverse effects on domestic industries.
Government policies, such as tariffs and subsidies, can influence the balance of trade by affecting the cost and competitiveness of exports and imports.

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