Question

what was meant by `trade surplus`?

Answer 1

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.

Answer 2

Hey!!

Trade Surplus
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State when the balance of trade for a particular asset on the foreign exchange is positive, for instance when the number of imports is less than that of exports. Opposite of trade deficit.
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Hope this helps!!