What is another word for balance trade?
Pronunciation: [bˈaləns tɹˈe͡ɪd] (IPA) 
Balance trade is the term that refers to the formal relationship that a country has with other nations regarding import and export of goods and services. The concept of balance trade is a crucial component of the global market. It is also known as 'trade balance' or 'current account balance'. Synonyms for the word 'balance trade' include 'trade surplus', 'trade deficit', 'current account surplus', and 'current account deficit'. The trade surplus means when a country exports more goods than it imports while a trade deficit implies a country importing more goods than it exports. The current account surplus or deficit signifies the overall flow of goods and services between countries combined with net flows of the payment.
