Oxford Dictionary English balance of trade nounnoun BrE BrE//ˌbæləns əv ˈtreɪd// ; NAmE NAmE//ˌbæləns əv ˈtreɪd// (also trade balance) [singular] Add to my wordlistjump to other resultsthe difference in value between imports and exports a balance-of-trade deficit (= when a country spends more on imports than it earns from exports)See balance of trade in the Oxford Learner's Dictionary of Academic EnglishSee balance of trade in the Oxford Advanced American DictionaryCheck pronunciation: balance of trade oxfordlearnersdictionaries.com
