trade deficit
/ˈtreɪd ˌdefɪsɪt/
when imports exceed exports
trade deficit in a sentence
“The trade deficit widened as imports surged.”
Origin of trade deficit
From trade + deficit (Latin deficere to fail, be lacking)
Related Words
GDP
gross domestic product; the total value of goods and services produced
inflation
a general increase in prices and fall in purchasing power
deflation
a general decrease in prices
recession
a significant decline in economic activity lasting months
fiscal policy
government spending and taxation decisions
monetary policy
central bank actions affecting money supply and interest rates