international trade deficit
A monthly report that tracks the amount by which U.S. imports exceed U.S. exports. Key factors influencing the trade deficit include the strength of the U.S. dollar, which determines whether American-made products can compete on the international market, the off-shoring of U.S. manufacturing operations, and U.S. imports of foreign oil. Sustained trade deficits account for an outflow of U.S. Dollars to foreign markets. The report is issued by the U.S. Census Bureau. It is available at a number of financial information Web sites and at www.census.gov. See Eurodollar; Petrodollar.
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