Exports Of Goods And Services

The exports of goods and services consist of transactions in goods and services (sales, barter, gifts or grants) from residents to non-residents. Growth of goods and service exports shouldn't be considered as a goal, but as an instrument to contribute to the achievement of broader economics and social development, especially in developing countries. All countries export goods and services to an extent its a nessicity for countries because the exportation is the more profitable aspect than importation is, however there must be balance. The trade balance can be seen in two ways, either as equal to the difference between exports and imports of goods and services or as approximately equal to the difference between national savings and national investment. The balance of this system makes both purchased of important equal out, or come close with the profitable exports. Our country is an a bit of a predicament that we soon need to fix or else we will become a 'service only' country, sort of like New York City but on a much larger scale. A website stated that last January USA exported approx. 120 billion yet only imported 180 billion. Primary income flows to or from the rest of the world, such as compensation of employees, interest and revenues from direct investment, in which case our primary income flows to the rest of the world. Which can put the US in a hairy situation if our salary's were to depelete vastly in a short period of time. In other words the US is purchasing and not exporting.