History, asked by Crisella, 1 year ago

explain what is trade surplus?

Answers

Answered by latika3

Favourable balance of trade
export>import

Crisella: Thank you

latika3: wcm

Answered by rishitverma00

A trade surplus (a surplus in the balance of trade) occurs when the value of a country's exports exceeds that of its imports. A trade deficit (also called a trade gap) occurs when imports exceed exports.

Crisella: Thank you...

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