balance of trade

noun phrase

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

Word History

First Known Use

1668, in the meaning defined above

Time Traveler
The first known use of balance of trade was in 1668

Dictionary Entries Near balance of trade

Cite this Entry

“Balance of trade.” Dictionary, Merriam-Webster, Accessed 6 Dec. 2023.

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