trade gap
Học thuậtThân thiện
Definition
Noun: 1. The difference in value between a country's merchandise imports and exports over a period of time: Specifically, the "trade gap" refers to a situation where the value of goods a country imports exceeds the value of goods it exports, resulting in a trade deficit. It is a key component of a nation's balance of trade.
Usage
The term "trade gap" is used in economic and financial contexts to describe and measure the shortfall in a country's trade of physical goods. It is often reported monthly or annually. - It is typically used with verbs like widen, narrow, shrink, reduce, or address. - It is often modified by adjectives indicating size or change, such as growing, record, large, or persistent.
Examples
- The trade gap widened to $70 billion last month, causing concern among economists.
- Policymakers are discussing measures to narrow the trade gap.
- A persistent trade gap can affect a nation's currency value.
Advanced Usage
- "to widen/expand the trade gap": Describes an increase in the deficit.
- Increased consumer demand for foreign cars widened the trade gap.
- "to narrow/close the trade gap": Describes a decrease in the deficit.
- A boom in agricultural exports helped narrow the trade gap.
Variants and Related Words
- Trade deficit (n): A more formal synonym for "trade gap."
- Balance of trade (n): The broader economic term for the difference between exports and imports. A "trade gap" is an unfavorable (negative) balance of trade.
- Trade surplus (n): The opposite situation, where the value of exports exceeds the value of imports.
Synonyms
- Trade deficit
- Negative balance of trade
Antonyms
- Trade surplus
- Positive balance of trade
Noun
- the difference in value over a period of time of a country's imports and exports of merchandise
- a nation's balance of trade is favorable when its exports exceed its imports