how do i calculate net exports from exportport and import?
Net exports can be calculated by subtracting the value of imports from the value of exports.
So, the formula for net exports is:
Net exports = export - import
For example, if a country's total exports are 100 million dollars and its total imports are 80 million dollars, then its net exports would be calculated as:
Net exports = 100 - 80 = 20 million dollars.
Therefore, the net exports of the country would be 20 million dollars.
To calculate net exports, you need to subtract the value of imports from the value of exports. Here are the steps to do so:
1. Determine the value of exports: This refers to the total value of goods and services that a country sells to other countries. It includes both physical goods and intangible services. The value of exports can usually be obtained from trade statistics or national accounts data.
2. Determine the value of imports: This refers to the total value of goods and services that a country purchases from other countries. Similar to exports, this value can be obtained from trade statistics or national accounts data.
3. Subtract the value of imports from the value of exports: Once you have the values of exports and imports, subtract the value of imports from the value of exports. This will give you the net exports value.
Mathematically, the formula for calculating net exports is:
Net Exports = Exports - Imports
For example, if a country has $500 billion worth of exports and $400 billion worth of imports, the net exports would be:
Net Exports = $500 billion - $400 billion = $100 billion
So, in this case, the country has a net export of $100 billion.