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trade deficit
[ treyd def-uh-sit ]
noun
- a negative balance of trade, or the amount by which the value of a country’s imports exceeds that of its exports. Compare trade surplus ( def ).
trade deficit
- The condition that exists when the value of what a country imports exceeds the value of what it exports; also called an unfavorable balance of trade .
Notes
Word History and Origins
Origin of trade deficit1
Example Sentences
Indeed, the rapid growth in international tourism has been a key factor in bringing down the trade deficit in recent years.
As a result, the trade deficit with China fell 12.4 percent from May to $26.6 billion.
The upshot is that the trade deficit, $702 billion in 2008, is shrinking—in real terms and as a percentage of the economy.
There was a second potentially fatal deficit that would require us to borrow from foreigners as well: the trade deficit.
Last year the trade deficit was $534 billion, down by nearly a quarter from 2008.
They show a lower volume of trade and a smaller trade deficit.
The cumulative trade deficit at the end of 1970 amounted to about 5.1 billion lei—the equivalent of about US$850 million.
The annual trade deficit in 1967 and 1968 was about 200 million leks.
For that period the overall trade deficit amounted to 278 million leva.
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