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.
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French trade Percentage change 1994 1995 1996 1997 Export volume (goods) 6.5 7.9 5.0 9.5 Market growth 8.5 8.3 5.0 6.9 Relative prices(a) 0.8 -0.5 1.6 -4.8 Import volume (goods) 7.3 5.8 2.4 6.2 TFE 3.6 2.8 1.8 3.0 Relative prices(b) -0.9 1.1 0.5 4.2 Visible balance $bn 15.1 13.5 17.3 22.1 Current account as % GDP 0.6 1.0 1.3 1.7 1998 1999 2000-2005 Export volume (goods) 5.5 4.3 4.7 Market growth 6.9 6.2 6.3 Relative prices(a) 0.4 0.2 0.0 Import volume (goods) 4.8 4.3 4.9 TFE 3.3 3.0 3.1 Relative prices(b) -0.4 -0.5 -0.2 Visible balance $bn 24.7 27.6 34.4 Current account as % GDP 1.3 1.5 1.8
Italian trade Percentage change 1994 1995 1996 1997 Export volume (goods) 11.7 13.9 -2.4 4.0 Market growth 9.1 8.6 5.6 6.8 Relative prices(a) -2.1 -5.8 10.5 -1.1 Import volume (goods) 12.0 9.8 -4.5 8.5 TFE 3.2 4.0 0.1 2.0 Relative prices(b) 1.7 7.0 -10.2 -0.4 Visible balance $bn 22.2 27.3 45.3 32.6 Current account as % GDP 1.4 2.5 3.4 2.1 1998 1999 2000-2005 Export volume (goods) 6.4 5.4 5.2 Market growth 7.0 6.5 6.3 Relative prices(a) -2.6 -0.9 0.0 Import volume (goods) 6.3 4.8 5.3 TFE 2.9 2.9 3.0 Relative prices(b) 2.5 0.7 -0.4 Visible balance $bn 35.4 39.6 58.1 Current account as % GDP 2.2 2.3 2.4
Italian trade 1993 1994 1995 1996 Export volume (goods) 8.1 11.7 13.9 -2.2 Market growth 1.6 9.2 10.2 5.5 Relative prices(a) -11.6 -2.2 -5.7 10.6 Import volume (goods) -9.9 12.0 9.8 -4.8 TFE -2.3 3.2 4.0 0.1 Relative prices(b) 13.1 1.7 7.2 -10.3 Visible balance $bn 20.3 22.2 27.3 45.3 Current account as % GDP 1.1 1.5 2.6 3.4 1997 1998 1999-2004 Export volume (goods) 8.5 6.5 5.2 Market growth 7.9 6.3 6.1 Relative prices(a) -0.8 -3.1 -0.4 Import volume (goods) 9.5 8.9 5.2 TFE 2.2 3.5 3.2 Relative prices(b) -0.5 2.8 0.3 Visible balance $bn 43.7 34.8 49.0 Current account as % GDP 3.3 2.4 2.4
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