Question

Difference between trade surplus and current account surplus

Answer 1

Explanation:

The trade deficit is the largest component of the current account deficit. It refers to a nation's balance of trade or the relationship between the goods and services it imports and exports. ... By contrast, though, if the total value of a nation's exports exceeds the total value of imports, the nation has a trade surplus.

Answer 2

Explanation:

A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports