What is Trade Balance?
1.
the amount of goods and services that a country exports, minus the goods and services that it imports *in a calendar year*. In 1999 Japan exported much more than it imported, so it had a
The trade balance is negative if a country runs a trade deficit, and positive if it runs a trade surplus.
The trade balance is an extremely important indicator of economic health for most countries. Typically (not not always) the value of the currency is strongly influenced by the trade balance also.
See
Random Words:
1.
Synonymous with crap. Used when you feel like something went wrong. Not a very known word. No one knows the true meaning, so when asked ..