NOUN | possession | balance of trade, trade balance, visible balance, trade gap | the difference in value over a period of time of a country's imports and exports of merchandise |
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Meaning | The difference in value over a period of time of a country's imports and exports of merchandise. | |
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Example | "a nation's balance of trade is favorable when its exports exceed its imports" | |
Synonyms | trade balance, visible balance, trade gap | |
Broader | balance | The difference between the totals / totals of the credit and debit sides of an account |
Spanish | balanza comercial, balanza de comercio | |
Catalan | balança comercial |
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