Canada and Japan. A trade surplus occurs when net exports are positive. Low-income countries are concentrated heavily in Central America. Africa and Asia. Imports are products that a country buys from another country.
Exports are products that a country sells to another country.
Net exports equal exports minus imports. Net exports equal imports minus exports. A trade surplus is the same as positive net exports. A budget deficit exists when federal revenues exceed federal spending. Households sell the factors of production in exchange for money payments.