BALANCE OF TRADE


Meaning of BALANCE OF TRADE in English

(also ˈtrade balance ) noun

[ sing. ] the difference in value between imports and exports :

a balance-of-trade deficit (= when a country spends more on imports than it earns from exports)

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.