Trade deficit means that the total value of a country's export trade is less than the total value of its import trade within a certain period (such as one year, half a year, one quarter, one month, etc.). ), which is the trade deficit. Also called "surplus" and "trade deficit". It reflects the commodity trade between countries and is also an important indicator to judge the macro-economic operation. 20 1 1 In the first quarter, China experienced a quarterly trade deficit for the first time in six years, which eased the pressure of RMB appreciation to some extent.