Net exports
refer to the value of a country's total exports minus the value of its total imports.
Net export=total export-total import
exported goods and services worth ------------$1.2 million
imported goods and services worth ------------$2.7 million
Net export= $1.2-$2.7
Net export= -$1.5 million
The net exports of the country of merilya was -$1.5 million and it had a trade deficit