balance of trade

Definition

A country's exports minus its imports; the largest component of a country's balance of payments.

Use balance of trade in a sentence

The balance of trade for the country was the best in the world as its manufacturing was highly efficient and effective.

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The balance of trade was something significant to pay attention to and always made us aware of our state of being as a company.

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The President of the United States pushed for a new free trade agreement with Lesotho on the grounds that it would increase exports from the U.S. and would improve our balance of trade.

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