NOUN
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the difference in value over a period of time of a country's imports and exports of merchandise
a nation's balance of trade is favorable when its exports exceed its imports
How To Use balance of trade In A Sentence
- In the meantime, the change of foreign income will also affect this countrys national income and balance of trade through the effect of foreign trade multiplier.
- The balance of trade with the Soviet Union is to be paid in dollars, though loans are promised to cover that.
- Foreign trade; Favorable Balance Of Trade; Processing trade; Present situation; Countermeasure.
- For each individual country in the union however the balance of trade deteriorates on the import side.
- The nation's electronics industry made important strides this year to even up its balance of trade.
- A nation's balance of trade is favorable when its exports exceed its imports.
- And the way to accumulate it was to maintain a favorable balance of trade.
- Trade creation induces a rise in imports and hence induces a deficit in the balance of trade.
- This paper studies the remarkable increase of favorable balance of trade in China in 2005 . It illustrates the major characteristics and major causes of such imbalance.
- The American film industry has a surplus balance of trade with every single country in the world when America itself is hemorrhaging trade deficits.