When the value of a nations exports is greater than the value of its imports, that nation definitely has

When the value of a nation's exports is greater than the value of its imports, that nation definitely has a positive balance of trade (or positive commercial balance) or a trade surplus. This allows that nation to lend money to countries that have a trade deficit, for instance. An example of such a nation would be China, since it produces and exports a very significant amount of the total goods that are consumed around the world.