visible balance
Noun: 1. The difference in value over a period of time of a country's imports and exports of merchandise: This term refers specifically to the monetary difference between the value of physical goods a country sells to other nations (exports) and the value of physical goods it buys from other nations (imports). It is a key component of a nation's current account.
The term "visible balance" is used primarily in economics and international trade discussions. It focuses on tangible, physical items, excluding services and financial flows. * A positive visible balance (surplus) occurs when the value of merchandise exports exceeds the value of merchandise imports. * A negative visible balance (deficit) occurs when the value of merchandise imports exceeds the value of merchandise exports.
- The country's visible balance improved last quarter due to a surge in automotive exports.
- Economists are concerned about the widening visible balance deficit, driven by increased energy imports.
- A sustained positive visible balance can contribute to a stronger national currency.
- "Visible balance of trade": This is a fuller, more explicit term for the same concept.
- The report analyzes the nation's visible balance of trade in agricultural products.
- Balance of trade (trade balance): This is the most common synonym for "visible balance." It is often used interchangeably, though technically "balance of trade" can sometimes be used in a broader sense.
- Merchandise trade balance: A precise synonym that explicitly references goods.
- Trade surplus: The condition of having a positive visible balance.
- Trade deficit: The condition of having a negative visible balance.
- Invisible balance: The related concept that deals with the import and export of services (e.g., banking, tourism, insurance) rather than physical goods.
- Balance of trade
- Trade balance
- Merchandise trade balance
- Net exports (of goods)
- Visible Balance vs. Current Account Balance: The visible balance is a subset of the current account balance. The current account includes the visible balance (goods) plus the (services), primary income (e.g., investment dividends), and secondary income (e.g., remittances).
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the difference in value over a period of time of a country's imports and exports of merchandise
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a nation's balance of trade is favorable when its exports exceed its imports
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