Export – is the sending out of the boundaries of the country of goods produced in the country or imported from other countries.
Goods considered as manufactured in the country are also goods of foreign origin which are imported and reprocessed with changing their quantity and quality indicators.
Evaluation of the value of export is carried out by FOB prices or free-border prices of the country, i.e. the cost of the goods includes the value,
and expenditures for dispatching of the goods to the land borders of departure port or loading to the ship board.
Import – bringing of goods through the boundaries of the country for the consumption and re-export.
Estimation of the volume of import is carried at by SIF prices or by franko-border prices of the country, i.e. the cost of the goods includes its value,
transportation to the borders of the country and insurance expenses.
External trade turnover – is the total of the value of export and import.
External trade balance – is the difference between import and export.
If the export is more than import there a positive balance and if the import is more than export there is a negative balance.