Balance of Trade 2 : The difference between a country's total imports and exports. If exports exceed imports, there's a positive balance of trade or trade surplus; if not, there's trade deficit
Ulster Bank (Business/Products/International-Banking), Guide to International Business, Glossary of Terms, Belfast, Northern Ireland 2012. http://www.ulsterbank.com/ni/business/products/int ernational-banking/guide-to-international-business /glossary-of-terms.ashx, (Mrtm/ Int Biz and Banking - Brit) {540}
