balance of trade(redirected from U.S. trade balance)
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Balance of trade
Balance of Trade
balance of trade
Balance of trade.
The difference between the value of a country's imports and exports during a specific period of time is called the balance of trade.
If a country exports more than it imports, it has a surplus, or favorable balance of trade. A trade deficit, or unfavorable balance, occurs when a country imports more than it exports.