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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The first known use of balance of trade was in 1668

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Cite this Entry

“Balance of trade.” Dictionary, Merriam-Webster, Accessed 15 Aug. 2020.

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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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