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Discover Ludwig"trade balances" is a correct and usable phrase in written English
It could be used to refer to the difference between the export and import of goods and services in a country's trade with other countries. For example, "China's sustained trade surpluses in recent years have been due to their strong trade balances."
Dictionary
trade balances
noun
Plural of trade balance
Exact(60)
In most cases, trade balances have improved.
Weekly GDP figures, perhaps, or hourly trade balances?
The chart shows the trade balances of ten big countries using America's definition.
But there are some signs of progress in one crucial measure: trade balances.
A 2007 Bank of Spain paper* studies OECD countries' trade balances.
Obsession with trade balances has historically been a source of bad economic policies.
Trade balances are largely beyond the government's control, certainly in the short term.
Oil exporters, from Venezuela to the Middle East, are gaining; oil importers will see worsening trade balances.
It's a story of trade balances and technological disruption, but also a withering dismantling of Western liberalism's faith in progress.
Some of the reasons, such as oil's distorting effects on exchange rates, trade balances and credit, are hard to combat.
Since the 1998 debacle, some developing countries have cleaned up their acts, balancing their budgets and improving their trade balances.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com