favorable balance of trade

Definition

Having exports which exceed imports.

Use this term in a sentence

I didn't know if there would be a favorable balance of trade, but I hoped everything would be fine and we would not have to worry.

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At the beginning of the industrial revolution, England produced more than enough cloth for her own people and so had no need to buy in cloth from abroad and indeed had enough to sell to her neighbors, leading to a favorable balance of trade which she maintained for many generations.

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The United States lead the world in a favorable balance of trade but I believe that in recent years we have tipped the scales to importing an enormous amount in excess of goods coming in than we export out of the country.

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