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Balance of trade
(redirected from trade deficit)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.

BALANCE OF TRADE, Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country.
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? References in periodicals archive
trade deficit widening more than expected in December, while fourth-quarter economic growth in Europe accelerated.
General outlook by Pro Farmer
Thus, particularly because imports currently exceed exports by such a large amount, the higher dollar price of imported goods will make the trade deficit larger, at least until exports start growing rapidly.
Why deficits matter: and why the coming soft dollar policy is no ... by Steil, Benn / The International Economy
America's current account trade deficit fell to $208.
BRIEFCASE by Daily News (Los Angeles, CA)
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