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TeachMeFinance.com Balance of trade -- That part of a nation's balance of payments dealing with imports and exports -- that is, trade in goods and services -- over a given period. If exports of goods exceed imports, the trade balance is said to be "favorable"; if imports exceed exports, the trade balance is said to be "unfavorable." another definition... Balance of Trade -- The difference in value between a country's total imports and exports over a specific time period. historic definition... Balance of trade -- The difference in money value between sales and purchases; in foreign trade the difference in money value between exports and imports. As commonly used the term balance of trade signifies the balance or difference in favor of a country, for instance, the United States as against the rest of the world; or in favor of the rest of the world and against that country. To be exact the term balance of international trade should be employed, although it seldom is. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.