Balance of Trade 1 : A state's annual net trade surplus or deficit, based on the difference in value between imports and exports. It is the account of a state's trade relations with the rest of the world
Richard Devetak, Anthony Burke, Jim George, An introduction to International Relations (2nd Ed), Glossary of Terms, ISBN 978-1-107-60000-3, Cambridge University Press, NY, USA 2012. http://www.cambridge.edu.au/downloads/academic/Int roduction_to_International_Relations_review_copy.p df, (IntRltn - Amer) {935}