trade balance

Definition

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

Use trade balance in a sentence

The trade balance was something we all needed to think about because it was important to our overall safety as a business.

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Singapore has a relatively low trade balance, as their country is small enough that it lacks much in the way of natural resources to export.

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The trade balance provided useful information in understanding the relationships between the two countries mentioned during the weekly team meeting.

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