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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 ​economiccondition that ​exists when a ​greatervalue 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 ​tradedeficit in ​goods and ​servicesincreased.have/run/post a trade deficit Brazil has ​run a $14 ​billiontradedeficit with the US.reduce/shrink/cut the trade deficit These ​exportsubsidies certainly don't ​reduce the ​tradedeficit. an ​annual/monthly ​tradedeficit a ​ballooning/huge/​recordtradedeficit a ​goods/​merchandisetradedeficit
(Definition of trade deficit from the Cambridge Business English Dictionary © Cambridge University Press)
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