Balance of trade

(redirected from trade balance)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to trade balance: 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 ?
According to her, the trade balance between the two countries was US$2.3 billion (RM9.64 billion), with a decline from India from about 54 per cent to about 45 per cent.
Bank Indonesia considers the latest trade balance developments in July 2019 the result of global economic moderation and stagnant commodity prices against a backdrop of solid domestic demand.
Apart from the May foreign trade balance, the turnover was disappointing in May, with both exports and imports decreasing, Korsnak continued.Despite its weaker performance in the past few months, he still expects foreign trade surplus to increase this year, thanks to the boost from the automotive industry and its new production capacities, represented mostly by Nitra-based Jaguar Land Rover.
Other regions that had favorable trade balances during the period were: Eastern Visayas, Central Luzon, Bicol Region, ARMM, and SOCCSKSARGEN.
Excluding energy, the deficit on the trade balance is reduced to 4,973.4 MD.
Late in October, Oveysi had said that Iran's trade balance with Belarus had turned positive after 25 years.
The total foreign trade balance (exports FOB - import CIF) was negative in the period January - November 2018 and amounted to 6 940.5 Million BGN.
Tariffs are more likely to lead to offsetting changes in exchange rates that frustrate the achievement of macroeconomic objectives; less imports and a stronger trade balance increase demand for the domestic currency, and so its value.
'The government should ensure that the revised FTA turns the trade balance in Pakistan's favour.' He said China was the second largest importer in the world after the US.
Data from PSA showed that the region's trade balance improved from registering a negative performance in the first quarter last year at P649.70 million.
The trade balance between the Sultanate and the UAE is in favour of the UAE, due to the increase in imports compared to exports amounting to RO3.168.3 billion.
Looking at the breakdown and the pattern of Japan's Current Account, for many years the Trade Balance of goods remained in surplus, while the Trade Balance of services was in deficit.