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It's a complicated system, but basically:

Exporting is how a nation makes its money. It is an indication of the nation's prosperity. A decline in exports almost always means a dip in the economy.

Importing goods from other nations is how a country benefits from the global market. America imports huge amounts of cars, computers, other electronics, and other goods from other nations. When imports drop, it usually means that consumers don't have money to buy foreign goods, which is also a problem.

Exporting and importing are very good but must be balanced.

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10y ago

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