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Dictionary entry overview: What does balance of trade mean?
• BALANCE OF TRADE (noun)
The noun BALANCE OF TRADE has 1 sense:
1. the difference in value over a period of time of a country's imports and exports of merchandise
Familiarity information: BALANCE OF TRADE used as a noun is very rare.
Dictionary entry details
|Sense 1||balance of trade [BACK TO TOP]|
The difference in value over a period of time of a country's imports and exports of merchandise
Nouns denoting possession and transfer of possession
a nation's balance of trade is favorable when its exports exceed its imports
Hypernyms ("balance of trade" is a kind of...):
balance (the difference between the totals of the credit and debit sides of an account)
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