Let us assume: The USA exports $100 million worth of goods to Brazil and $60 million worth of goods to Germany. Brazil exports $50 million worth of goods to the USA and $80 million worth of goods to country Germany. Germany exports $200 million worth of goods to the USA and $30 million worth of goods to Brazil.

1)Calculate the net export of each country

2)Determine whether each country is running a trade surplus, trade balance or trade deficit.