balance of trade

noun phrase

Definition of balance of trade

: the difference in value over a period of time between a country's imports and exports

First Known Use of balance of trade

1668, in the meaning defined above

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Time Traveler for balance of trade

Time Traveler

The first known use of balance of trade was in 1668

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Cite this Entry

“Balance of trade.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/balance%20of%20trade. Accessed 15 Aug. 2020.

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More Definitions for balance of trade

balance of trade

noun

English Language Learners Definition of balance of trade

: the difference between the amount of money that a country spends on its imports and the amount that it earns from its exports

More from Merriam-Webster on balance of trade

Britannica.com: Encyclopedia article about balance of trade

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