balance of trade
noun/ˌbæləns əv ˈtreɪd/
/ˌbæləns əv ˈtreɪd/
(also trade balance)
[singular]- the difference in value between imports and exports
- a balance-of-trade deficit (= when a country spends more on imports than it earns from exports)
Want to learn more?
Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app.
Check pronunciation:
balance of trade