Meaning Of The Word Balance of trade

Real Dictionary
  1. Real Dictionary
  2. B Words Definitions
  3. Section B-024
  4. Balance of trade

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Balance of trade Meaning

Balance of trade Definition
Balance of trade Definition

What's The Definition Of Balance of trade?

balance of trade
A country's balance of trade is the difference in value, over a period of time, between the goods it imports and the goods it exports.

balance of trade in American English
the difference in value between all the merchandise imports and exports of a country
noun: the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports

balance of trade in British English
noun: the difference in value between total exports and total imports of goods

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