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Balance of trade

Related Terms:

monetary trade balance trade deficit trade surplus import economy export

Definitions:

Noun

balance of trade trade balance visible balance trade gap

Definition: 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"

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

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