MANAGEMENT

Detailed explanation-1: -Net export is a crucial variable used in the calculation of a nation’s Gross Domestic Product (GDP). When the amount of goods exported is more than the value of goods imported, the country has a positive balance of trade for a period.

Detailed explanation-2: -A positive net export figure shows a country’s trade surplus. It means that the value of the nation’s imports is lower than the value of its exports. A country with a trade surplus receives more money from a foreign market than it spends. A negative net export figure is a trade deficit for a given country.

Detailed explanation-3: -Net exports are also called the trade balance. If exports exceed imports, net exports are positive and the country is said to have a trade surplus. If imports exceed exports, net exports are negative and the country is said to have a trade deficit.

Detailed explanation-4: -If exports exceed imports then the country has a trade surplus and the trade balance is said to be positive. If imports exceed exports, the country or area has a trade deficit and its trade balance is said to be negative.

Detailed explanation-5: -Net exports will be positive when a country has relatively more exports than its imports. On the other hand, net exports will be negative when imports exceed exports.