„Balance of Trade“

The difference in value between a country’s total imports and exports over a specific time period.

Source:

Krueger, Anne O. “International Trade: Theory and Policy.” In Palgrave Macmillan, The New Palgrave: A Dictionary of Economics, edited by John Eatwell, Murray Milgate, and Peter Newman, Vol. 2, 601-617. London: Palgrave Macmillan, 1987.