Meaning of the word "trade deficit" in English
What does "trade deficit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
trade deficit
US /ˈtreɪd ˌdef.ɪ.sɪt/
UK /ˈtreɪd ˌdef.ɪ.sɪt/
Noun
1.
the amount by which the cost of a country's imports exceeds the value of its exports
Example:
•
The country has been struggling with a large trade deficit for years.
•
Reducing the trade deficit is a key economic goal.
Synonym:
Synonym:
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