International finance is built around balance payments. US trade data shows trade flows. These are usually due to surpluses or other economic activity. Understanding the trade flows between countries and their nature can help you understand how they impact the balance of payment. This is possible with the help import and export data from the countries. It is essential to understand the structure and flow trade in order to understand the effect of trade flows upon balances. Look at data on import-export for countries like the USA to do this. International trade is the international commerce of goods or services. The basis of international trade are market prices. Market prices are a way to determine the cost of imports and exports. Importers import products from one country and then export them. Exporters export everything from services to products. In order to calculate the trade imbalance, you must add up the purchase and selling costs. It is the difference...