What is another word for trade deficits?
Pronunciation: [tɹˈe͡ɪd dˈɛfɪsˌɪts] (IPA) 
Trade deficits refer to situations where a country imports more goods and services than it exports, resulting in negative balance of payments. There are several synonyms for the term trade deficits, including negative trade balance, trade gap, trade imbalance, and import surplus. A negative trade balance is often used to describe a situation where a country is importing more goods and services than it is exporting. Trade gap and trade imbalance are also commonly used and refer to the difference between a country's imports and exports. Lastly, import surplus refers to when a country's imports exceed its exports, resulting in a net inflow of goods and services. These terms are often used interchangeably, but each has its own nuances.
