BALANCE of Trade. That which is commonly meant by the balance of trade, is the equal importing of foreign commodities with the exporting of the native. And it is reckoned that nation has the advantage in the balance of trade, which exports more of the native commodities, and imports less of the foreign. The reason of this is, that, if the native commodities be of a greater value than are exported, the balance of that account must be made up in bullion or money; and the nation grows so much richer, as the balance of that account amounts to.