Definitions for balance of trade
bal·ance of trade

Princeton's WordNetRate this definition:0.0 / 0 votes

1. balance of trade, trade balance, visible balance, trade gapnoun

   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"

WiktionaryRate this definition:0.0 / 0 votes

1. balance of tradenoun

   The difference between the monetary value of exports and imports in an economy over a certain period of time.

WikipediaRate this definition:0.0 / 0 votes

1. Balance of trade

   The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists.

ChatGPTRate this definition:0.0 / 0 votes

1. balance of trade

   The balance of trade, also known as trade balance, refers to the difference in monetary value between a country's imports and exports over a certain period of time. If a country exports more than it imports, it has a trade surplus; if it imports more than it exports, it has a trade deficit. A balance of trade is one of the significant components of a country's current account, which also includes other transactions such as income from the international investment.

WikidataRate this definition:0.0 / 0 votes

1. Balance of trade

   The commercial balance or net exports, is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance. Policies of early modern Europe are grouped under the heading mercantilism. Early understanding of the imbalances of trade emerged from the practices and abuses of merchantilism in which colonial America's natural resources and cash crops were exported in exchange for finished goods from England, a factor leading to the American Revolution. An early statement appeared in Discourse of the Common Wealth of this Realm of England, 1549: "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." Similarly a systematic and coherent explanation of balance of trade was made public through Thomas Mun's c1630 "England's treasure by foreign trade, or, The balance of our foreign trade is the rule of our treasure"

The Nuttall EncyclopediaRate this definition:0.0 / 0 votes

1. Balance of trade

   the difference in value between the exports and the imports of a country, and said to be in favour of the country whose exports exceed in value the imports in that respect.

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

1. balance of trade

   A computation of the value of all commodities which we import or export, showing the difference in amount.

Matched Categories

1. • Balance

How to pronounce balance of trade?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

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   Indian

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   Indian

   Neerja

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   South African

How to say balance of trade in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of balance of trade in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of balance of trade in Pythagorean Numerology is: 8

Examples of balance of trade in a Sentence

1. President Trump:

   This is exactly the kind of investment, economic development and job creation that will help put Americans back to work, many of the products that will be manufactured here in the United States by American workers will be exported to other countries, improving our balance of trade.

2. Kevin Cramer:

   We have to think about how we as a country will recalibrate our balance of trade.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=balance of trade
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Balance_of_Trade
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Balance_of_Trade
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=balance of trade
6. ^ The Nuttall Encyclopedia
   https://www.gutenberg.org/cache/epub/12342/pg12342-images.html#BalanceofTrade
7. ^ Dictionary of Nautical Terms
   https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=balance of trade