BALANCE OF TRADE

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

The difference in value over a period of time of a country's imports and exports of merchandise

Example:

a nation's balance of trade is favorable when its exports exceed its imports

Synonyms:

balance of trade; trade balance; trade gap; visible balance

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("balance of trade" is a kind of...):

balance (the difference between the totals of the credit and debit sides of an account)

Credits