The formula to calculate the export ratio is:
\[ EXPR = \frac{E}{I} \cdot 100 \]
Where:
The export ratio is a measure of the proportion of total exports to total imports, expressed as a percentage. It indicates the balance between a country's exports and imports.
Let's say the total export price (E) is $500,000, and the total import price (I) is $400,000. Using the formula:
\[ EXPR = \frac{500,000}{400,000} \cdot 100 = 125 \% \]
So, the export ratio (EXPR) is 125%.
Definition: The ratio of imports to exports is a measure of the balance between a country's imports and exports.
Formula: \( \text{Import to Export Ratio} = \frac{\text{Total Imports}}{\text{Total Exports}} \)
Example: \( \text{Import to Export Ratio} = \frac{200}{150} \)
Definition: Total export value is the sum of the values of all goods and services exported.
Formula: \( \text{Total Export Value} = \sum (\text{Quantity} \times \text{Export Price}) \)
Example: \( \text{Total Export Value} = (100 \times 50) + (200 \times 30) \)
Definition: Exchange ratio is the rate at which one currency can be exchanged for another.
Formula: \( \text{Exchange Ratio} = \frac{\text{Value of Currency A}}{\text{Value of Currency B}} \)
Example: \( \text{Exchange Ratio} = \frac{1.2}{1} \)
Definition: Export price is the price at which goods or services are sold to foreign buyers.
Formula: \( \text{Export Price} = \frac{\text{Total Export Revenue}}{\text{Total Quantity Exported}} \)
Example: \( \text{Export Price} = \frac{5000}{100} \)
Definition: The exports to GDP ratio measures the proportion of a country's gross domestic product that comes from exports.
Formula: \( \text{Exports to GDP Ratio} = \frac{\text{Total Exports}}{\text{GDP}} \times 100 \)
Example: \( \text{Exports to GDP Ratio} = \frac{300}{1000} \times 100 \)
