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Balance of trade |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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BALANCE OF TRADE, Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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As a result, North American net exports will continue to grow and are being forecast to exceed 23 million tons by 2012. Net exports are defined as total exports less total imports. Although domestic demand slowed somewhat, China's economy, driven by growth in net exports, is projected to grow a robust 9. |
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