trade gap

noun

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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The economy picked up sharply in the second quarter, as a rise in consumer and business spending offset a drop in housing construction and a widening trade gap. —

Paul Davidson, USA TODAY, 31 July 2024 That widened the trade gap and slowed economic growth overall. —

Paul Davidson, USA TODAY, 25 Apr. 2024 Instead of narrowing the trade gap, the tariffs have coincided with a widening of the U.S. trade deficit with China: by nearly 12 percent in 2018 (to $420 billion) and by about another eight percent in the first eight months of this year. —

Weijian Shan, Foreign Affairs, 8 Oct. 2019 With overall levels of transatlantic trade on a long-term upward trajectory, the widening trade gap in favor of the EU reflects a couple of trends that aren’t likely to go away anytime soon. —

Ryan Hogg, Fortune Europe, 22 May 2024 That narrowed the trade gap, adding to economic growth. —

Paul Davidson, USA TODAY, 25 Jan. 2024