English version

trade deficit in Economics topic

From Longman Dictionary of Contemporary Englishtrade deficitˈtrade ˌdeficit (also trade gap) noun [countable] 🔊 🔊 PEthe amount by which the value of what a country buys from abroad is more than the value of what it sells
Examples from the Corpus
trade deficitI see a growing trade deficit and a reliance on overseas sources of innovation.Despite the increase in exports, the overall trade deficit rose S$4,900 million to S$14,600 million in 1990.The resulting trade deficit and shortage of incoming foreign exchange added to the country's balance-of-payments problem.A recent investment boom should help firms to compete internationally, though in the short term it has worsened the trade deficit.