Simcountry
Forum Trade Import/Export Deficit

Import/Export Deficit

O
Otaku Prince

All worlds
20 Jun 2016 15:51Link
How can I balance my import/export deficit and if possible have more export than import? I think it is important for a nation to have the export more than the import because no matter how strong the economy is, if the imports exceeds the exports by a large margin, I think my income would just be devoured by my deficit.

I do think though that I am just bringing too much of real world economics here, but I just to asks.

Thank you in advance. By the way, if you need to see my data, here are the following:

World: Little Upsilon
Country: Slavirian Federation
A
Aries

All worlds
20 Jun 2016 22:13Link
To be honest, the balance of imports and exports is not very useful as a tool to gauge the success of your policies or the power of your economy. First, the export number does not count trade relating to enterprise-controlled corporations in your country. Second, the export and import number does include purchases and sales made by your country.

The more important number is located at the bottom of that page, in my opinion. The total "Production Value" includes all corporations located in your country and has nothing to do with sales or purchases that your country happened to make that game month. It is pretty much your country's monthly GDP.

To improve your production, ensure that the vast majority of your corporations are producing and selling products that are priced at the maximum market price (based on these products always being in shortage). Increasing your welfare index and paying a higher salary increases the