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 ?
However, the $5.76 billion reduction in the trade deficit was undergirded by the deceleration of economic growth from 5.5% to 3.3% and imposition of regulatory duties, resulting in a $6 billion fall in imports.
Finally, the Non-Oil, Non-Machinery (NONM) trade deficit refreshingly resumed a declining trend, down by 43% MoM, indicating that the attractiveness of imported goods has decreased in the wake of a devalued local currency.
According to the data, the trade deficit between Pakistan and China was continuously increasing till the fiscal year 2017-18 when it has reached to $14 billion.
The reduction in exports and imports had narrowed the trade deficit of the country.
With this, the country's trade deficit was the largest in East Asia at $1.769 billion followed closely by the Asean at $1.402 billion.
The Commerce Department said the December trade deficit of $59.8 billion was the largest since October 2008.
Trump often misrepresents the trade deficit. He has frequently labeled it an outright economic loss.
According to data released by the Pakistan Bureau of Statistics on Monday, the trade deficit plummeted 31.7% year-on-year (YoY) in January clocking at $2.5 billion compared to $3.6 billion in the same month last year.
Preliminary Philippine Statistics Authority (PSA) data released Tuesday showed that the trade deficit continued to widen from $26.702 billion in 2016 and $27.38 billion in 2017.
Pakistan's trade deficit the difference between imports and exports has a troubled relationship with the rest of our economy.
The services trade deficit contracted to US $ 1.432 billion in Jul-Nov 2018 from US $ 2.216 billion in same period of the year 2017, according to latest data released by Pakistan Bureau of Statistics (PBS).