The balance of trade.
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
As may be noted, while the volume of total exports and imports increased in dollar terms over the period, the disparity between merchandise imports and exports widened in the later years.
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Net exports is the total exports minus the total imports. If this is positive then, there is net capital inflow. If this is negative, it means there is net capital outflow.
The four components of total spending in an economy are consumption, investment, government spending, and net exports. Consumption refers to household spending on goods and services. Investment includes business expenditures on capital goods and residential construction. Government spending encompasses public sector expenditures on goods and services, while net exports represent the difference between a country's exports and imports.
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
Balance of payments: A systematic record of a nation's total payments to foreign countries, including the price of imports and the outflow of capital and gold, along with the total receipts from abroad, including the price of exports and the inflow of capital and gold. Balance of trade The difference in value between the total exports and total imports of a nation during a specific period of time.
As may be noted, while the volume of total exports and imports increased in dollar terms over the period, the disparity between merchandise imports and exports widened in the later years.
balance of trade
Niger's total exports were valued at about $2.03 billion in 2020, with its main exports being uranium, gold, livestock, and agriculture products. The country's total imports were valued at approximately $2.35 billion in 2020, with machinery and equipment, petroleum products, and cereals being significant imports.
In general terms, the biggest trade partners of Latin American countries are the United States and China; top trading partner, specific amounts and percentage of total trade for 2013 are provided:MexicoExports: United States (USD 270 billion; 71% of total exports)Imports: United States (USD 181 billion; 51% of total imports)BrazilExports: China (USD 46.1 billion; 19% of total exports)Imports: China (USD 36.8 billion; 15% of total imports)ColombiaExports: United States (USD 19.3 billion; 31% of total exports)Imports: United States (USD 16.24 billion; 29% of total imports)EcuadorExports: United States (USD 11.1 billion; 42% of total exports)Imports: United States (USD 6.72 billion; 25% of total imports)PeruExports:United States (USD 7.85 billion; 18% of total exports)Imports: United States (USD 8.76 billion; 20% of total imports)
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Net exports is the total exports minus the total imports. If this is positive then, there is net capital inflow. If this is negative, it means there is net capital outflow.
The United States is Mexico's main trade partner, both in terms of exports as well as imports; it is the destination of 81% ($303 billion) of Mexico's exports, and it is the origin of 47% ($180 billion) of Mexico's total imports (2016).
Country exports more than their total imports per capita
Yes. Texas accounts for US$72.6 billion in exports or 35.1% of total exports from the United States into Mexico. Conversely, Texas imports from Mexico are of US$78.9 billion, or 29.8% of the total imports from that country. From Mexican perspective, products imported from Texas account for 23.6% of total Mexican imports, while Mexican products exported into Texas account for 27% of total exports from Mexico into the world.