trade deficit

Definition

A negative balance of trade, i.e. imports exceed exports. opposite of trade surplus.

Use trade deficit in a sentence

You need to try and make sure that you are not running with a trade deficit that may slow your progress down.

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Our draw-down on industry was causing a significant trade deficit. We were taking in a lot more raw material than we could turn into finished goods to trade away.

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When it comes to the balance of international trade, the United States currently has a significant trade deficit with China, which means that the US imports more products/goods that are made in China than the amount of US products/goods that are exported to China.

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international trade deficit external deficit