Until the 1970's exports exceeded imports in value, producing a favorable balance of trade.
First, for reasons of national security and secondly to establish a more favorable balance of trade.
"Many poor nations, like Bangladesh, have favorable balances of trade," he writes.
"We need to learn that a favorable balance of supply and demand is essential to our long-term livelihood."
Venezuela is also an important economic market for Brazil because of a favorable balance of trade.
But, the Commissioner cautioned, the more favorable balance might be delicate, even with substantial new construction.
South Africa has a large favorable balance of trade with its neighbors, for one.
The "favorable" balance in turn created a balance of trade surplus.
"Unfortunately, in the end, effective diplomacy depends on a favorable balance of military strength more often than we'd like to admit."
The latter represents a favorable balance of trade, meaning a country exports more than it imports.