trade surplus
Positive commerce balance
A trade surplus occurs when a country exports more than it imports, the opposite of a trade deficit.
The difference between what a nation sells abroad and what it buys from other countries yields either a surplus or deficit.
Countries with trade surpluses are net creditors to the rest of the world: China has maintained a trade surplus with the United States for decades.
Taxes on imports
- protectionismShielding local producers
- mercantilismTrade policy favoring exports
- customs unionTariff-aligned trading partnership
- tariff barriersImport taxes limiting trade
import duties · dumping · currency manipulation · retaliatory tariffs · quotas
Bank account for regular transactions
- balance of paymentsNation's international transaction record
- economic indicatorStatistic measuring market health
- narrowingReduction in width
- wideningIncreasing in extent
Tradeable raw materials
- merchandiseCommercial products offered
- shippingTransporting goods to destinations
- freightGoods being transported
- cargoTransported goods
export-oriented · supply chain · manufacturing · raw materials · finished goods · port · containerization · customs
Lowest opportunity cost production
- macroeconomicsStudy of aggregate economies
- globalizationWorldwide economic and cultural integration
- fiscal policyState spending and taxation
- foreign exchangeTrading between national currencies
gross domestic product · exchange rate · capital account · economic growth · national income · productivity · competitiveness · industrialization
Experiencing rapid growth
- thrivingSucceeding vigorously
- prosperousEnjoying wealth and success
- wealth accumulationProcess of gathering assets
- competitive advantageFactor enabling market outperformance
tariffs
Taxes on imports
- protectionismShielding local producers
- mercantilismTrade policy favoring exports
- customs unionTariff-aligned trading partnership
tariff barriers · import duties · dumping · currency manipulation · retaliatory tariffs · quotas
current account
Bank account for regular transactions
- balance of paymentsNation's international transaction record
- economic indicatorStatistic measuring market health
- narrowingReduction in width
commodities
Tradeable raw materials
- merchandiseCommercial products offered
- shippingTransporting goods to destinations
- freightGoods being transported
cargo · export-oriented · supply chain · manufacturing · raw materials · finished goods · port · containerization · customs · logistics
comparative advantage
Lowest opportunity cost production
- macroeconomicsStudy of aggregate economies
- globalizationWorldwide economic and cultural integration
- fiscal policyState spending and taxation
foreign exchange · gross domestic product · exchange rate · capital account · economic growth · national income · productivity · competitiveness · industrialization
booming
Experiencing rapid growth
- thrivingSucceeding vigorously
- prosperousEnjoying wealth and success
- wealth accumulationProcess of gathering assets
competitive advantage · industrial output · foreign investment · economic expansion
- Middle East economiesoil exports, oil revenues, oil wealth, oil reserves, oil industry
- EU tradesingle market, common market, free movement, customs union, harmonization
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- global tradeexport tax, exports, import tax, imports, export
- tradecustoms, commerce, export, exports, quotas
- global commercecommerce, foreign markets, export controls, customs duties, exchange rates
trade, trader, trading, surplus, traded, traders, oversupply, tradesman, trade-off