0 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
1 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
2 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:
Projecting these trends into the future, they forecast that any future economic growth would be accompanied by an increasing trade deficit.
Total trade deficit holds constant in the scenario.
I had a hard time persuading people that the reason for the trade deficit was the strong dollar.
A fourth one was the dollar and the trade deficit.
How to cut the trade deficit.
So far this year, we have a balance of trade deficit of approximately £10 billion.
On the contrary, the effect of the devaluation on our trade deficit is that it has now broadened, as reported in our newspapers today.
But the trade deficit is £12 billion against us.
