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A trade deficit often results in an outflow of financial capital leaving the domestic economy and being invested in the global economy
What is trade deficit?
A country has a trade surplus or positive trade balance if it exports more than it imports; on the other hand, a country has a trade deficit or negative trade balance if it imports more than it exports. About 60 of the 200 countries as of 2016 had a trade surplus.
The majority of trade specialists and economists dispute the idea that bilateral trade imbalances are undesirable in and of themselves.
The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade, commercial balance, or net exports (often denoted as NX).
A distinction between a trade balance for products and one for services is occasionally drawn. A flow of exports and imports over a specific time period is measured by the balance of trade. The term "balance of commerce" does not necessarily imply that exports and imports are "equally balanced."
To know more about trade deficit with the given link
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