Word Explorer
Balance of trade
The difference between the monetary value of exports and imports in an economy over a certain period of time.
📖 Definitions of "Balance of trade"
noun
- 1
The difference between the monetary value of exports and imports in an economy over a certain period of time.
💡 Words with a Similar Meaning to "Balance of trade"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| trade balancenoun | (economics) The balance of trade. |
| trade gapnoun | the difference in value over a period of time of a country's imports and exports of merchandise |
| visible balancenoun | the difference in value over a period of time of a country's imports and exports of merchandise |
| trade surplusnoun | (economics) A positive balance of trade. |
| trade deficitnoun | (economics) A negative balance of trade. |
| terms of tradenoun | (economics) Relative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices. |
| basic balancenoun | The net balance of the combination of the current account and the capital account in a balance of payments. |
| balancenoun | (uncountable) A state in which opposing forces harmonise; equilibrium. |
| balance of paymentsnoun | A measure of all flows of money into and out of a country including payments for goods and services and capital flows. |
| foreign tradenoun | (business, trading) Trade that is conducted between a nation and other nations. |
| current accountnoun | (UK, Ireland, Commonwealth, banking) An account at a bank which is used for daily transactions. |
| exchangenoun | An act of exchanging or trading. |
| bank balancenoun | The amount by which a current account is in credit or deficit. |
| countertradenoun | (international trade) Exchange of goods or services that are paid for, in whole or part, with other goods or services. |
| trial balancenoun | (accounting) A statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made. |
| changenoun | (countable, uncountable) The process of becoming different. |
| cross-tradenoun | Trade between foreign ports. |
| mercantilismnoun | (historical, economics) The theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism. |
| debit balancenoun | (accounting) The amount by which debits exceed credits. |
| tradingnoun | The carrying on of trade. |
Translate “Balance of trade” into Another Language
Pick a language — the word will be pre-filled in the translator.