exports: wine and machinery
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
by subtracting a country's imports by the exports
when the imports exceeds the imports then net exports are negative and positive is best for country.
Exports > imports
The country's net exports are positive(net exports being exports minus imports)
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
It is tariff.
deficit
Imports and Exports
Tariff
exports minus imports.