Phrases, sayings and idioms at
The Phrase Finder
The Balance of trade
Phrases, Sayings and Idioms Home > Phrase Dictionary - Meanings and Origins > The Balance of trade


Browse phrases beginning with:

[A][B][C][D][E][F][G][H][I][J][K][L][M][N][O][P][Q][R][S][T][U,V][W][X,Y,Z]


The balance of trade

Meaning

The difference between the value of the imports and exports that a nation makes.

Origin

Sir Josiah ChildThis expression is of uncertain origin and dates back to at least the 17th century. From Sir Josiah Child's A New Discourse on Trade, published 1668:

"The Ballance of Trade is to be taken by a strict scrutiny of what proportion the value of the Commodities exported out of this Kingdom bear, to those imported."

Given that this is a definition of the term and is the earliest known reference, it is quite likely that Child coined it himself.