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The difference in value between a country's imports and exports.
‘a country with a worsening balance of trade in manufactured products’
‘This, together with the high import content of the tourism sector, leads to a worsening of the balance of trade.’
‘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.’
‘It is also in recognition of the importance of Namibia's fisheries sector in terms of GDP contribution, balance of trade and employment opportunities.’
‘The increase in investment strengthens the exchange rate facilitating a deterioration in the balance of trade.’
‘Labor theories of value shifted concern from the balance of trade to the costs of labor and the cost of tax on the wage.’
‘As a result, the nation's balance of trade in chemicals, a rock-steady surplus for 80 years, has become a deficit.’
‘Likewise, the balance of trade cannot determine the given stock of goods.’
‘Some industry commentators fear the balance of trade will shift to airports such as Shanghai, reducing the importance of airports in Hong Kong, Singapore and Malaysia.’
‘An important puzzle is the balance of trade in capital goods and industrial supplies and materials, excluding oil.’
‘We come finally to the matter of money and the balance of trade.’