Definition of balance of trade in English:

balance of trade

phrase

  • The difference in value between a country's imports and exports.

    ‘a country with a worsening balance of trade in manufactured products’
    • ‘It is also in recognition of the importance of Namibia's fisheries sector in terms of GDP contribution, balance of trade and employment opportunities.’
    • ‘An important puzzle is the balance of trade in capital goods and industrial supplies and materials, excluding oil.’
    • ‘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.’
    • ‘This, together with the high import content of the tourism sector, leads to a worsening of the balance of trade.’
    • ‘Likewise, the balance of trade cannot determine the given stock of goods.’
    • ‘As a result, the nation's balance of trade in chemicals, a rock-steady surplus for 80 years, has become a deficit.’
    • ‘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.’
    • ‘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.’
    • ‘We come finally to the matter of money and the balance of trade.’

Pronunciation

balance of trade

/ˌbaləns əv ˈtreɪd/