Yes it is an issue. The finace gained from over seas trade is vital as the GDP (Gross domestic Product) requires exports to boost cash flow
GDP = C + G + I + NX
where:
"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX" is the nation's total net exports, calculated as total exports minus total imports. (NX = Exports - Imports)
no
Net exports or the balance of trade.
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
The country's net exports are positive(net exports being exports minus imports)
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
export
When imports exceed exports, a trade deficit can occur
hairy nut nation
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.