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English definition of “balance of trade”

balance of trade

noun [singular]
 
 
(also trade balance, also visible balance)
ECONOMICS the difference between the money that a country receives from exports and the money it spends on imports: Official figures yesterday showed the balance of trade in goods plunged to a record deficit. balance of trade deficit/surplus adverse/favourable balance of trade
(Definition of balance of trade from the Cambridge Business English Dictionary © Cambridge University Press)
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