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Favorable Trade Balance

   Also found in: Legal 0.01 sec.
Favorable trade balance
Condition that total exports of a nation exceed total imports, creating a net export.

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.


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Table 2 pesticide import/export and favorable trade balance in 2008 (10,000 tonnes, $100m) Type Import Export Trade surplus Amount Value Amount Value 12 Months Growth 2008/2007 (±%) 12 Months Growth 2008/2007 (±%) 12 Months Growth 2008/2007 (±%) 12 Months Growth 2008/2007 (±%) 12 Months Growth 2008/2007 (±%) Total 4.
Other NAFTA advocates made similar rosy forecasts about the jobs that would be created and the favorable trade balance we would accrue with Mexico.
 
 
 
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