Favorable trade balance


Also found in: Legal.

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.
References in periodicals archive ?
PHMSA's continued leadership in maintaining consistency with international regulations enhances the hazardous materials safety program and assists in maintaining a favorable trade balance.
The country has one of the lowest unemployment rates in the region, a favorable trade balance, and a debt situation that appears to be in check as of now (read Germany ETFs On The Rise).
And though Locke claims medical technology has maintained a favorable trade balance in recent years, the numbers tell a different story.
Other NAFTA advocates made similar rosy forecasts about the jobs that would be created and the favorable trade balance we would accrue with Mexico.
Mexico currently enjoys a favorable trade balance with the three Central American nations.