Question

In the recent years Iran has been importing petroleum to India and other countries.explain how import of petroleum and other countries will affect as well.

Answer 1

transport of Petroleum will give a better economic condition to Iran that may arise its livlihood

Answer 2

Explanation:

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance.