Trade balance


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.
Related to Trade balance: Balance of Payment

Trade balance

Overall result of a country's exports.

Balance of Trade

The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit. Analysts disagree on the impact, if any, of the balance of trade on the economy. Some economists believe that an overly large trade deficit causes unemployment and lowers GDP growth. Others believe that the balance of trade has little impact, because the more international trade occurs, the more likely it is that foreign companies will invest in the home country, negating any negative effects.
References in periodicals archive ?
On the other hand, the other regions with negative trade balances were: Caraga Region,Zamboanga Peninsula, CALABARZON, Davao, MIMAROPA, Central Visayas, Western Visayas, Ilocos Region, Northern Mindanao, and Cagayan Valley.
The Iranian diplomat pointed to the positive trend of trade balance between the two countries and its unprecedented increase during these years and said, "Fortunately, Iran and Belarus reached the highest levels of trade balance in the past year (ended on March 20, 2018)."
In a recent study covering the vast majority of developed and developing countries in the world, and half a century's-worth of macroeconomic data, we examined the responses of six key macroeconomic variables to changes in the tariff rate: real GDP, productivity, the unemployment rate, the real exchange rate, the trade balance and inequality.
As of the first quarter, Davao Region along with other eight regions in the country registered positive trade balances. The frontrunner was Eastern Visayas with a trade balance of P16.55 billion followed by National Capital Region at P12.60 billion.
The volume of trade exchange with South Korea amounted to RO882,923,875 with a surplus in trade balance for the Sultanate amounting to RO618,430,165.
Meanwhile, the Trade Balance of services deficit is steadily shrinking (Chart 2).
Egypt's trade balance was one of the beneficiaries from the flotation of the Egyptian pound late last year.
Trade balance is the difference between the outflow and inflow,' the PSA said.
Most nations view that as a favorable trade balance. A country that imports more goods and services than it exports has a trade deficit.
The bulk of China's trade surplus is with the United States and the European Union, but the recovery during 2012-2014 reflects an improvement in the trade balance vis-a-vis the ASEAN countries, Japan and Korea (Figure 1).
'Pakistan's trade balance with Turkey remained positive until 2011, however, it started decreasing since 2011, when additional duties on various commodities were imposed by the two countries,' said a senior official of Ministry of Commerce, while talking to reporter here on Thursday.
'Pakistan's trade balance with Turkey remained positive until 2011,however, it started decreasing since 2011, when additional duties on various commodities were imposed by the two countries,' he said.