trade balance
Exports minus imports
Trade balance is the difference between the value of a country's exports and imports over a period of time.
When exports exceed imports, there is a trade surplus; when imports exceed exports, there is a trade deficit.
Economists and policymakers watch trade balance closely as an indicator of economic health and competitiveness.
The country's trade balance has been negative for three consecutive quarters.
The term is often used interchangeably with balance of trade.
Taxes on imports
- quotasMandated numerical limits
- protectionismShielding local producers
- import restrictionsLimits on foreign goods
- currency manipulationDeliberate distortion of exchange rates
Failure to reach quota
- negativeOpposite of affirmative
- gapUnfilled space between
- outflowFluid exiting a system
- red inkSymbol for financial loss
current account · unfavorable · widening · chronic · bilateral · structural
National output abbreviation
- current accountBank account for regular transactions
- net exportsExports minus imports
- bilateralInvolving two parties
- multilateralInvolving multiple parties
Surplus beyond need
- positiveAffirming or certain
- favorableInclined toward approval
- net exportsExports minus imports
- current accountBank account for regular transactions
bilateral · narrowing · chronic · windfall · accumulation · competitive advantage
Currency conversion value
- devaluationLowering of currency worth
- appreciationRecognition of worth
- depreciationAsset value reduction over time
- currency manipulationDeliberate distortion of exchange rates
dollar · yuan · euro · foreign exchange · floating rate · purchasing power · competitiveness
tariffs
Taxes on imports
- quotasMandated numerical limits
- protectionismShielding local producers
- import restrictionsLimits on foreign goods
currency manipulation · retaliation · dumping · WTO · bilateral agreements
shortfall
Failure to reach quota
red ink · current account · unfavorable · widening · chronic · bilateral · structural
GDP
National output abbreviation
- current accountBank account for regular transactions
- net exportsExports minus imports
- bilateralInvolving two parties
excess
Surplus beyond need
- positiveAffirming or certain
- favorableInclined toward approval
- net exportsExports minus imports
current account · bilateral · narrowing · chronic · windfall · accumulation · competitive advantage
exchange rate
Currency conversion value
- devaluationLowering of currency worth
- appreciationRecognition of worth
- depreciationAsset value reduction over time
currency manipulation · dollar · yuan · euro · foreign exchange · floating rate · purchasing power · competitiveness
- tradecustoms, commerce, export, exports, quotas
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- global tradeexport tax, exports, import tax, imports, export
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- economic vocabularycredit terms, payment terms, net income, retained earnings, working capital
- international tradecustoms, tariffs, freight, exports, imports
trade balancedomestic economy
Internal financial system
gross domestic product · domestic consumption · domestic production · autarky · national income
balance, trade, trader, trading, trademark, unbalanced, imbalance, traded, traders