balance of trade

Definitions

Economics

  • noun the international trading position of a country in merchandise, excluding invisible trade. If exports are greater than imports there is a balance of trade surplus (or favourable balance of trade).

Forex

  • The difference between the value of all imports and the value of all exports for a country over a given period of time, not including financial imports and exports. A positive balance of trade means that a country has a trade surplus. A negative balance of trade means that a country has a trade deficit.

Health Economics

  • (written as Balance of Trade)
    The value of exports minus that of imports both of goods ('visible' trade) and services ('invisible' trade). A component of the balance of payments.
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