What's it: Trade balance is the difference between the country's export value and its import over a certain period. When exports' value exceeds
Trade Balance
Exports: Importance, Types, Influencing Factors
What's it: Export means sending domestic goods and services to foreign markets for sale. As compensation, we get foreign currency as payment,
Import: Types, Influencing Factors, Impacts
What's it: Import means purchasing goods and services from abroad. For example, Japanese car manufacturers ship and sell their products to the