The difference between a country's total exports and imports of goods

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The difference between a country's total exports and imports of goods and services over a given period of time, usually a year, is generally refered to as the balance of trade.

If a country's exports are greater than its imports, it has a trade surplus, which means that it is earning more revenue from selling its goods and services abroad than it is spending on buying goods and services from other countries. On the other hand, if a country's imports are greater than its exports, it has a trade deficit, which means that it is spending more on buying goods and services from other countries than it is earning from selling its own goods and services abroad.

The balance of trade is an important indicator of a country's economic performance and is closely watched by policymakers and analysts to assess the health of a country's economy and its position in the global marketplace.

The following line chart presents import and export data of country X.



Choose the most appropriate option from the dropdown menu below based on the information provided above.

I. The import and export data presented in the chart above indicates that the range of  SelectImportsExportsTrade surplus was the minimum through the period 2010 to 2017.

II. The year Select20102011201420152017 saw the maximum % change in the imports.

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