Balance of trade

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Related to Balance of trade: Balance of Payment

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The volume of trade exchange with Iran amounted to RO349,807,063 as the balance of trade surplus is in favor of Iran by RO144,083,713.
The issue was, and still is, often presented in terms of the "balance of trade," which equals the value of a territory's exports minus its imports.
British provider of financial services Barclays on Thursday revealed that following a record summer of spending, England is running the largest balance of trade deficit on players in the world football transfer market at GBP379.1m.
The price level elasticity of aggregate demand is a concept which has been overlooked in both macroeconomic textbooks (3) and the research literature (4) but is a relevant influence for the balance of trade and changes in the size of the trade deficit or surplus.
However despite of significant Trade efforts and Foreign Policy measures the Balance of Trade has been in deficit since 1950 till to date.
The Minister spoke of the importance of export activities to the UK economy and, as the North East is recognised as one of the only regions in the UK with a positive balance of trade, more can be done to encourage other exporters.
Balance of Trade in Yemen averaged -117.09 USD Million from 1990 until 2012, reaching an all time high of 1700.30 USD Million in 2005 and a record low of -3786.10 USD Million in 2012.
The unfavorable balance of trade with non-CIS countries dropped by 5% to $495.6 mln.
According to the report, Iran had the most negative balance of trade with Emirates, Korean Republic, Switzerland, Germany and the Netherlands.
The effect of this can be seen in our balance of trade and balance of payments figures.
The exchange rate is used as a policy variable to control the balance of trade. The famous J curve theory states that depreciation of local currency will make the foreign goods expensive for the locals and local goods cheaper for the foreigners, which implies that the imports will decrease and the exports will increase, causing improvement in balance of trade.