Balance of Trade
/ˈbaləns əv trād/
Definitions
- (n.) The difference in monetary value between a country's exports and imports over a specific period, indicating economic health and affecting trade policies.
The nation's balance of trade showed a significant surplus last quarter, boosting its currency value.
Forms
- balance of trade
Related terms
See also
Commentary
Often analyzed in international economic law and trade agreements to assess compliance and impact on national economies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.