When export and import of tangible goods are equal what does it mean in balance of payment

Answer 1

When the export and import of tangible goods are equal in the balance of payments, it means that there is a balance in the trade of physical goods between a country and its trading partners. This indicates that the country is neither running a trade surplus (exporting more goods than it imports) nor a trade deficit (importing more goods than it exports). This balance is an important indicator of the economic health and competitiveness of a country in the global market.