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%.
