the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports.
(economics) the difference in value between total exports and total imports of goods Also called visible balance Compare invisible balance
That part of the balance of payments relating to goods only (as opposed to services, monetary movements, official reserve transactions, etc.).
Note: A nation whose imports are worth more than its exports is said to have an unfavorable balance of trade, or to be running a trade deficit.
- Balance pipe
noun (engineering) a pipe between two points used to equalize pressure
- Balance shaft
a special shaft with eccentrically mounted weights used in an internal-combustion engine to reduce vibrations.
- Balance sheet
a tabular statement of both sides of a set of accounts in which the debit and credit balances add up as equal. a statement of the financial position of a business on a specified date. Contemporary Examples Brown-Forman, according to its most recent quarterly filings with the SEC, has $361.5 million in cash on its […]
- Balance spring