Definitions of TRADE DEFICIT on the Web:

• an excess of imports over exports
  wordnetweb.princeton.edu/perl/webwn

• A negative balance of trade
  en.wiktionary.org/wiki/trade_deficit

• Attributive form of trade deficit, noun
  en.wiktionary.org/wiki/trade-deficit

• A condition that exists when the value of a nation's imports exceeds the value of its exports.
  www.cnn.com/2008/LIVING/studentnews/09/23/financial.glossary/index.html

• The amount by which a country's merchandise exports exceed its merchandise imports.
  countrystudies.us/united-states/economy-12.htm

• Imports minus exports of goods and services. See deficit.
  www-personal.umich.edu/~alandear/glossary/t.html