If there is a glut of something, there is so much of it that it cannot all be sold or used. There's a glut of agricultural products in Western Europe. a world oil glut. = surplus
If a market is glutted with something, there is a glut of that thing. The region is glutted with hospitals Soldiers returning from the war had glutted the job market. a supply of something, especially a product or crop, that is more than is needed shortage glut of. glutted glutting to cause something to have too much of something