Trade deficit
Trade deficit: this occurs when the value of one’s imports exceeds the value of one’s exports over a given period. Often, only merchandise trade is considered for this calculation. Taken in isolation, the existence of a trade deficit does not yield any useful insights about a country's economic health. However, it may be that a persistent trade deficit reflects some deficiencies in prevailing economic settings which need to be corrected. Sometimes the anxiety induced by a trade deficit simply reflects symptoms of mercantilism. See also balance of trade and trade surplus.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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