WAEC - Commerce (2021 - No. 16)
A country's balance of trade of -$20 million shows that its
import volume is greater than export
import and export volumes are equal
export volume is greater than imports
exports are mainly primary products
Giải thích
The minus (-) sign behind the amount depicts a negative balance. This means the country is giving out more than it is receiving in payment. Simply put, the country's imports exceed its exports by the sum of $20 million.