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Balance of trade — AQA GCSE History Definition | GradeGen

Home
History
Key terms
Balance of trade

GCSE History · key term

Balance of trade

Definition

The difference between the value of a country’s exports and imports. A favourable balance means exports are worth more than imports.

Used by AQA

How each exam board covers it

AQA GCSE History · 8145

Paper 2

Revise: Trade

AQA History past papers

Related key terms

Customs duties
Enumerated goods
Mercantilism
Navigation Acts
Smuggling

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