trade surplus
the amount of goods and services that a country exports, minus the goods and services that it imports -in a calendar year-. in 1999 j-pan exported much more than it imported, so it had a trade surplus. the same year, the united states imported more than it exported, and therefore had a large trade deficit.
while j-pan had a trade surplus and the usa had a trade deficit, both had something called a trade balance, which was negative for the usa and positive for j-pan.
a country can have an overall trade deficit (like the usa in all years since 1980) and still have trade surpluses with individual countries (e.g., the usa occasionally has trade surpluses with brazil).
usually, when a country runs a trade surplus it tends to export the excess foreign currency back to the deficit country as portfolio investment. in this way, the foreign currency retains its value.
Read Also:
- Trailer moment
n. 1. a term used to sarcastically highlight widely recognizable moments in film or television, initially disclosed through trailers, previews, and sneak peeks; which intergrade a cliché context, adhering to stereotypes surrounding genre and target audience. when used, the term embodies a condemnation of hollywood cinema, the failure to innovate, and a reliance on cinematic […]
- Trail of tears memorial movement
a movement that seeks to construct a new memorial to the american genocide known as the trail of tears that would be similar to the vietnam memorial that would contain all the names of the native americans who died along the trail of tears. support the trail of tears memorial movement.
- Trampollution
noise (and visual) pollution caused by the neighbours’ kids on their trampoline. at its worst when you’re trying to enjoy a quiet sunbathe in your garden sanctuary but these screeching little humans repeatedly bounce above the height of the fence, possibly even making eye contact as they do so, and definitely destroying your privacy. extreme […]
- Transilent
noun: 1. one who is completely random and out of place. 2. one who will say the most inappropriate things that have nothing to do with the current topic of discussion. 3. a common typo of transient since l is close to the i on the keyboard. verb: 1. to act out of place and […]
- Trollosophy
when a troll gives his “philosophic” views to provoke other people into getting in a moral discussion and arguments. -ssociated with troll logic your trollosophy on how science doesn’t prove anything is rather weak.