visible balance

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Related to Visible Trade Balance: Invisible Trade Balance

Visible Balance

The aggregate value of a country's exports and imports of goods but not services. The visible balance is a subset of the balance of trade, which is the same thing, but includes services.

visible balance

see BALANCE OF TRADE.
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References in periodicals archive ?
UK visible trade balance was worse than expected, with the trade balance non-EU figures much weaker than consensus.
Meanwhile, for the first time in a while, UK data was surprisingly strong as the Visible Trade Balance unexpectedly reflected a narrowing trade deficit of 7.