Defenition of the word balance of trade

• Defenition of the word balance of trade

  • The difference between the monetary value of exports and imports of output in an economy over a certain period.
  • 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"
  • 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"
  • the difference in value over a period of time of a country's imports and exports of merchandise

Synonyms for the word balance of trade

• • trade balance
  • trade gap
  • visible balance

Hypernyms for the word balance of trade

• • balance

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