What's it: A trade surplus is when the value of a country's exports exceeds its imports. Or in other words, the country reports a positive trade balance. Since international trade involves two different currencies for payment, a surplus also affects
Trade Surplus
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, say US dollars. Thus, exports do not only have implications for the demand for domestic output. But, it