Definition of trade deficit noun from the Oxford Advanced Learner's Dictionary


trade deficit

BrE BrE//ˈtreɪd defɪsɪt//
; NAmE NAmE//ˈtreɪd defɪsɪt//
(also trade gap) [usually singular] Economy
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a situation in which the value of a country’s imports is greater than the value of its exports See related entries: Economy
See the Oxford Advanced American Dictionary entry: trade deficit