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Meaning of “trade deficit” in the English Dictionary

"trade deficit" in British English

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trade deficitnoun [C]

uk   /ˈtreɪd ˌdef.ɪ.sɪt/  us   /ˈtreɪd ˌdef.ɪ.sɪt/ (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 difference
(Definition of trade deficit from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"trade deficit" in American English

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trade deficitnoun [C]

 us   /ˈtreɪd ˌdef·ɪ·sɪt/
social studies the economic condition that exists when a greater value of goods comes into a country than the value of goods that are sold out of the country
(Definition of trade deficit from the Cambridge Academic Content Dictionary © Cambridge University Press)

"trade deficit" in Business English

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trade deficitnoun [C, usually singular]

uk   us   (also trade gap) ECONOMICS, COMMERCE, FINANCE
a situation in which the value of goods that a country imports is more than the value of goods it exports, or the size of this difference: trade deficit in sth America's trade deficit in goods and services increased.have/run/post a trade deficit Brazil has run a $14 billion trade deficit with the US.reduce/shrink/cut the trade deficit These export subsidies certainly don't reduce the trade deficit. an annual/monthly trade deficit a ballooning/huge/record trade deficit a goods/merchandise trade deficit
(Definition of trade deficit from the Cambridge Business English Dictionary © Cambridge University Press)
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