Trade gaps, also known as trade imbalances, refer to the difference between a country's exports and imports. When a country imports more goods than it exports, it creates a trade deficit. On the other hand, when a country exports more than it imports, it results in a trade surplus. Other synonyms for trade gaps could include trade imbalances, trade deficits, trade disparities, trade unevenness, trade inequality, or trade disproportion. These terms reflect the same concept of trade gaps and the unequal distribution of trade between nations. Reducing trade gaps and promoting fair trade policies is critical for achieving global economic stability and prosperity.