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

Examples of trade gap in a Sentence

Recent Examples on the Web

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