Favorable Balance of Trade

Favorable Balance of Trade

The value of a nation's exports in excess of the value of its imports.

Trade Surplus

The difference between the value of a country's exports and the value of its imports, where the value of exports is greater. Analysts disagree on the impact, if any, of a trade surplus on the economy. Some economists believe that a trade surplus creates employment and increases GDP growth. Others believe that the balance of trade has little impact. A trade surplus is also called a favorable balance of trade. See also: Trade deficit.
References in classic literature ?
And that unconsumed surplus, sold abroad, becomes what we call our favorable balance of trade.
The United States enjoyed a favorable balance of trade for the month of June in the travel and tourism sector, with a surplus of more than $4.
The industry had $36 billion in exports last year and a favorable balance of trade, according to AdvaMed, but the trade surplus has shrunk by more than two-thirds over the past 12 years.
He advocates against specie accumulation and the necessity of a favorable balance of trade to aid in this accumulation, two doctrines that are at the heart of mercantile thought.
In 2009, Syria had a favorable balance of trade with Yemen valued at YER 618 million.
Japan's favorable balance of trade increased for 2 successive years, to JPY 10,224.
In recent years, the country has experienced a current account surplus, which reflects a favorable balance of trade in goods as well as large interest and dividend receipts on foreign investments in China.
Macao's ratings are supported by its solid and debt-free government finances, strong reserves, favorable balance of trade and the banking system's strong net foreign asset position, the U.
4 billion favorable balance of trade with Mexico in 1992 has shifted to an $18 billion American trade deficit in 1996.
Today Brazil experiences a favorable balance of trade with China, with the country boasting a US$5 billion trade surplus trade with China in 2010.
manufacturing industries with a favorable balance of trade, boat builders called on allies in Congress to weigh in their support with President Clinton on the trade deal.
manufacturing industries with a favorable balance of trade, the American boating industry has come out in favor of the North American Free Trade Agreement (NAFTA).