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

trade deficit

noun
 
/ˈtreɪd defɪsɪt/
 
/ˈtreɪd defɪsɪt/
(also trade gap)
[usually singular]
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  1. a situation in which the value of a country’s imports is greater than the value of its exportsTopics Moneyc2
See trade deficit in the Oxford Advanced American Dictionary
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adverb
 
 
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