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Glossary   >   B   >   "Balance of trade" Definition            Balance of trade Net flow of goods (exports minus imports) between countries. The difference between a country"s exports and imports over a given period of time.Exports and imports come in two kinds:Visible: products and goodsInvisible: intangible servicesThe UK"s invisible earnings from financial services are an important part of its international trade and go some way to making up for deficits on the visible side. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Balance of trade - Net flow of goods (exports minus imports) between countries.

The difference between a country"s exports and imports over a given period of time.Exports and imports come in two kinds:Visible: products and goodsInvisible: intangible servicesThe UK"s invisible earnings from financial services are an important part of its international trade and go some way to making up for deficits on the visible side.