Meaning of the word "balance of trade" in English
What does "balance of trade" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
balance of trade
US /ˈbæl.əns əv treɪd/
UK /ˈbæl.əns əv treɪd/
Noun
1.
the difference in value between a country's imports and exports over a period.
Example:
•
The country is trying to improve its balance of trade by increasing exports.
•
A negative balance of trade indicates a trade deficit.
Synonym:
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