balance of trade
equality of trade between two countries (or states, etc.)
Balance of trade
The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of
exports and
imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance; especially in the
United Kingdom the terms
visible and
invisible balance are used.
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balance of trade
Noun
1. 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"
(synonym) trade balance, visible balance, trade gap
(hypernym) balance
Balance of trade
Net flow of goods (exports minus imports) between countries.
Balance of Trade
the difference between the value of the goods and services sold to foreign nations (exports) and the value of the goods and services bought from foreign nations (imports) in a given period.
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