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balance of trade
US
UK
noun
[singular] :the difference between the amount of money that a country spends on its imports and the amount that it earns from its exports
Each
nation
tries
to
maintain
a
favorable
balance
of
trade
with
other
countries
. [=
they
try
to
earn
more
from
their
exports
than
they
spend
on
their
imports
]