What does Balance Of Trade mean?

Balance Of Trade meaning in Finance Dictionary

the essential difference between a country's exports and imports over confirmed time frame. Exports and imports can be bought in two sorts: noticeable items and goods, and invisible solutions. Great britain's hidden earnings from financial solutions tend to be an essential part of its international trade and help to counterbalance deficits regarding the noticeable side.

Balance Of Trade meaning in General Dictionary

the difference in value over a period of time of a country's imports and exports of merchandise

Sentence Examples with the word Balance Of Trade

In the Swedish House of Nobles his contributions to political discussion had great influence, and he dealt with such subjects as the currency, the decimal system, the balance of trade and the liquor laws (where he was the pioneer of the Gothenburg system) with marked ability.

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