BALANCE OF TRADE

Pronunciation (US):

(GB):

IPA (US):

 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 

• BALANCE OF TRADE (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

balance of trade; trade balance; trade gap; visible balance

Context example:

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)