What is the term for when a country's exports exceed its imports?

The correct term for when a country's exports exceed its imports is referred to as a balance of trade surplus. This concept signifies that a nation is selling more goods and services to foreign markets than it is purchasing from them, resulting in a positive trade balance. A trade surplus often indicates a healthy economy, reflecting strong demand for a country’s exports, which can lead to increased production, job creation, and economic growth.

In contrast, a trade deficit occurs when imports surpass exports, reflecting a net outflow of domestic currency to foreign economies. The balance of payments encompasses all economic transactions between residents of a country and the rest of the world, including trade in goods and services, investment flows, and transfer payments, but it is broader than just the balance of trade. Trade equilibrium signifies a situation where exports equal imports, showing no imbalance in trade. Thus, the term that specifically identifies when exports exceed imports is indeed a balance of trade surplus.