balance of trade

Noun

Meaning

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

Source: WordNet

Synonyms

trade balance visible balance bop capitalism nonintervention free trade fair trade balance of payments trade deficit trade surplus open market non-involvement noninvolvement managed prices active balance
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Hypernyms

balance

Examples

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

A systematic and coherent explanation of balance of trade was made public through Thomas Mun 's argument England's Treasure by Forraign Trade, or the Balance of our Forraign Trade is The Rule of Our Treasure. Source: Internet

Bilateral trade amounted to $2.4 billion in 2010–2011 but with Kenyan imports from India accounting for $2.3 billion, the balance of trade was heavily in India's favour. Source: Internet

Because a nation's exchange rate has a big impact on its 'balance of trade' and its 'balance of payments', many economists favour freely floating exchange rates over the older, fixed (or pegged) rates of foreign currency exchange. Source: Internet

And, just as easily, a deficit in the 'balance of trade' may be offset by a larger surplus in capital transfers from overseas to produce a balance of payments surplus overall. Source: Internet

As an illustration of this problem, when official data for all the world's countries are added up, exports exceed imports by almost 1%; it appears the world is running a positive balance of trade with itself. Source: Internet

Close letter words and terms

balance of strength balance of terror balance of this statement balance organ balance out balance problems