Enter the total export price ($) and the total import price ($) into the Calculator. The calculator will evaluate the Export Rate.
Export Rate Formula
EXPR = E / I * 100
Variables:
- EXPR is the Export Rate (%)
- E is the total export price ($)
- I is the total import price ($)
To calculate the Export Rate, divide the export price by the import price, then multiply by 100.
How to Calculate Export Rate?
The following steps outline how to calculate the Export Rate.
- First, determine the total export price ($).
- Next, determine the total import price ($).
- Next, gather the formula from above = EXPR = E / I * 100.
- Finally, calculate the Export Rate.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
total export price ($) = 700
total import price ($) = 900
FAQs
What is the significance of calculating the Export Rate?
The Export Rate is a crucial economic indicator that helps understand a country’s trade balance. A higher export rate suggests a country exports more than it imports, potentially indicating a strong economy.
How does the Export Rate impact a country’s economy?
A favorable Export Rate (where exports exceed imports) can lead to a surplus in the trade balance, strengthen the country’s currency, and contribute to economic growth. Conversely, a lower Export Rate can indicate a trade deficit, potentially weakening the economy.
Can the Export Rate affect the exchange rate of a country’s currency?
Yes, a higher Export Rate can increase demand for a country’s goods and, consequently, its currency, potentially leading to a stronger exchange rate. Conversely, a lower Export Rate can decrease demand for the currency, weakening its exchange rate.
Why is it important to compare the Export Rate with other economic indicators?
While the Export Rate provides valuable insights into a country’s trade balance, comparing it with other economic indicators like GDP, unemployment rates, and inflation can offer a more comprehensive view of the overall economic health.
