Balance of trade

(redirected from Trade surplus)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

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.

Mentioned in ?
References in periodicals archive ?
The balance of trade surplus in is favor of the United States with RO112,870,776.
When compared to the US, Germany imports less than what it exports and the number is roughly the reported trade surplus.
The trade surplus is seen boosting the country's overall balanceofpayments surplus, which, in turn, would support a strong local currency and higher foreign exchange reserves by the Bangko Sentral ng Pilipinas (BSP), Ong said.
Some major export products that contributed to Vietnam's trade surplus in January included crude oil, coal, garment, footwear, wood and wood products, seafood, rice, phones and accessories among others.
065 million, indicating the highest balance of trade surplus achieved to date.
The trade surplus was a surprise for the market but its impact was limited, as yen-buying did not last.
29 December 2011 - Sweden's net trade surplus shrank to SEK3.
A resurgent trade surplus will clearly strengthen the argument for rapid appreciation of the yuan," said Tom Orlik, an economist with Stone and McCarthy Research Associates in Beijing.
So if including the extra service charges generated by such increased tourist traffic, then Taiwan's trade surplus this year may rise to US$33.
Hungary's July trade surplus surprised markets yesterday, far surpassing analyst estimates as the economic slowdown hit imports, indicating the deep recession was still hurting industries.
ISTANBUL, Jul 2, 2009 (TUR) -- The Turkish automotive industry recorded foreign trade surplus in the first five months of 2009.
Results: China's worldwide trade surplus in manufactures, $31 billion in 2001, hit $401 billion in 2007--a 1,300 percent increase--and may reach $500 billion in 2008.