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English definition of “trade deficit”

trade deficit

noun [C]     (also trade gap) specialized
a situation in which the value of goods a country imports (= buys from other countries) is greater than the value of goods it exports (= sells to other countries), or the size of this differenceProfits and losses
(Definition of trade deficit noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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