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.

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Going from accounting to economics, it is true that a negative balance of trade has to be financed so that the total (current and capital) balance of payments remains in equilibrium.
Finally, and in regard to the international effect, alternatively known as the net exports effect, the balance of trade effect, the foreign purchases effect, the exchange rate effect, and the Mundell-Fleming effect, aggregate demand is more elastic the more responsive are exports and imports to changes in the domestic price level.
Traditionally, Syria has always recorded a surplus in the balance of trade with Lebanon due to cheap labor and goods and subsidized industries.
Their informed and timely decisions will allow for improvement in the balance of trade scenario in Pakistan and will positively contribute towards the growth and development of Pakistan's economy.
The slump in the value of the balance of trade from pounds 1 billion in 1998 to less than pounds 200 million reflects the difficulties of exporting during a period when the currency had been strong.
The balance of trade in goods and services in June registered a surplus of 1,061.
Settling on an SP of 2-1 rather than 15-8 or 9-4 can make a huge difference in the balance of trade between bookmaker and client.
Finally, and most fundamentally, the iron logic of the global free market dictated that as jobs moved south of the border, Mexican wages and living standards would rise toward American levels, Mexico would become a richer consumer market for American-made products, and the balance of trade between Mexico and the United States would tilt in America
The light truck tire balance of trade was expected to move in the same direction.
Given the apparent silence of Epstein's sources on items such as these, it is impossible to construct a meaningful balance of trade for late medieval Sicily.
With a favourable balance of trade in goods as well as services, the balance on current account improved appreciably during 1993 and the deficit stopped at SEK 14bn.
manufacturing industries with a favorable balance of trade, boat builders called on allies in Congress to weigh in their support with President Clinton on the trade deal.