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GCSE Geography · key term
A situation in which the value of a country’s imports exceeds the value of its exports over a stated period.
Used by Edexcel
Specification 5.6 · Paper 2
Revise: International Trade and Aid PatternsImports exceeded exports, giving India a goods-trade deficit. These figures cover goods, not services, so they do not describe India’s entire international trade.
Paper 1
A situation in which the value of imports exceeds the value of exports over the same period.
Compare imports and exports from the same year when identifying a trade deficit.
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