noun
invisible trade balance
Economic term referring to the balance of trade in services, income, and transfers, as opposed to goods. Used in balance of payments statistics.
日本の貿易外収支は旅行収支の改善で黒字が拡大した。
Japan's invisible trade balance surplus expanded due to an improvement in the travel balance.
貿易収支 refers to the visible trade balance (goods), while 貿易外収支 covers services, income, and transfers.
Compound of 貿易 (trade), 外 (outside), and 収支 (balance, income and expenditure). The term is a direct translation of the English 'invisible trade balance'.