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trade port definition, trade port meaning | English dictionary. Search also in: Web News Encyclopedia Images. trade. n. 1 the act or an instance of buying and selling goods and services either on the domestic (wholesale and retail) markets or on the international (import, export, and entrepÃ´t) markets. Related adj â mercantile.
Updated February 16, 2016. Definition: The balance of trade compares the value of a country's exports of goods and services against its imports. When exports are greater than imports, that's a trade surplus. Most nations view that as a favorable trade balance. The opposite, when the value of imports outweighs the value of exports, is a trade deficit. They usually regard it as an unfavorable trade balance. A favorable trade balance depends on three factors. First, is where the country is in its business cycle.