trade gap

noun

Definition of trade gap

British, finance
: a situation in which a country buys more from other countries than it sells to other countries : the amount of money by which a country's imports are greater than its exports

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“Trade gap.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/trade%20gap. Accessed 13 December 2019.

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