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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Dictionary Entries Near balance of trade

balance of terror

balance of trade

balance out

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Cite this Entry

“Balance of trade.” Dictionary, Merriam-Webster, Accessed 5 Aug. 2021.

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More Definitions for balance of trade

balance of trade


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

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