Definition of balance of trade in English:

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balance of trade

Pronunciation: /ˌbaləns əv ˈtreɪd/
The difference in value between a country’s imports and exports: a country with a worsening balance of trade in manufactured products
More example sentences
  • It is also in recognition of the importance of Namibia's fisheries sector in terms of GDP contribution, balance of trade and employment opportunities.
  • In theory, a declining dollar should help the U.S. balance of trade by making imports relatively more expensive to Americans and exports relatively inexpensive to foreigners.
  • Labor theories of value shifted concern from the balance of trade to the costs of labor and the cost of tax on the wage.
See parent entry: balance
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