trade deficit
US /ˈtreɪd ˌdef.ɪ.sɪt/
UK /ˈtreɪd ˌdef.ɪ.sɪt/

1.
the amount by which the cost of a country's imports exceeds the value of its exports
:
•
The country has been struggling with a large trade deficit for years.
•
Reducing the trade deficit is a key economic goal.