A country experiences a trade surplus when the total value of exports is higher than the total value of imports.

Name: A country experiences a trade surplus when the total value of exports is higher than the total value of imports.
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A trade surplus occurs when a country exports more goods and services than it imports, resulting in a positive balance of trade. This means that the value of exports is greater than the value of imports, leading to an overall surplus in the country's trade balance.

A Country Experiences a Trade Surplus When the Total Value