- Visible balance
The visible balance is that part of the
balance of tradefigures that refers to international tradein physical goods, but not trade in services; it thus contrasts with the invisible balance.
Most countries do not have a zero visible balance: they usually run a surplus or a deficit. This will be offset by trade in services, other income transfers, investments and monetary flows, leading to an overall
balance of payments. The visible balance is affected by changes in the volumes of importsand exports, and also by changes in the terms of trade.
In aggregate, the World often appears to have a negative visible balance with itself; i.e. imports of goods appear to exceed exports. There are numerous causes for this, such as measuring imports on a
cost, insurance and freightbasis while measuring exports on a free on boardbasis, or statistical errors occurring when imports are more closely recorded than exports.
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balance of trade — noun the difference in value over a period of time of a country s imports and exports of merchandise a nation s balance of trade is favorable when its exports exceed its imports • Syn: ↑trade balance, ↑visible balance, ↑trade gap • Hypernyms:… … Useful english dictionary
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