English version

balance of trade in Economics topic

From Longman Dictionary of Contemporary Englishbalance of tradeˌbalance of ˈtrade noun [singular]  PEthe difference in value between the goods a country buys from abroad and the goods it sells abroad
Examples from the Corpus
balance of tradeAnd the way to accumulate it was to maintain a favorable balance of trade.This is balance of trade improving for those countries that supply other member countries with diverted imports.Also, the pressure on interest rates has been down and the balance of trade has shifted into surplus.For each individual country in the union however the balance of trade deteriorates on the import side.Trade creation induces a rise in imports and hence induces a deficit in the balance of trade.This leads to an improvement in the balance of trade of union members.The balance of trade showed a deficit in 1988 of US$699,300,000.The balance of trade with the Soviet Union is to be paid in dollars, though loans are promised to cover that.