Balance of trade

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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
trade deficit reached its highest sum ever last year, defying President Donald Trump's efforts and promises to shrink it through his economic policies.
Nations run trade deficits when their spending on consumption and investment, both private and public, exceeds the value of goods and services they produce.
In short, trade deficits mean that international capital markets are working the way they should.
News on Thursday of the worsening trade deficit came as the United States and China were embroiled in tit-for-tat tariffs which escalated trade war fears and rattled financial markets.
It is possible that the reported trade deficit will narrow even as the true trade deficit widens.
The average price for imported oil in 2011 was a record high $99.78 per barrel The record trade deficit last year with China is certain to reinforce concerns in Congress about Beijing's currency and trade practice ahead of a meeting next week between Obama and the Asian giant's expected next leader, Vice President Xi Jinping.
Especially if oil prices, now past $70 a barrel, continue to rise, the trade deficit will become even more insensitive to changes in the dollar's value.
trade deficit goes a long way towards explaining the vigorous global recovery that is now underway.
goods trade deficit with China grew by approximately 15 percent in April to $12 billion, from $10.4 billion in March.
Chancellor Gordon Brown has come under fire following new figures which showed a record trade deficit.