If There Is a Favourable Balance of Payments, It Means

Short Answer

If there is a favourable balance of payments, it means that
a country exports manufactured goods and imports raw materials.
a country imports more than it exports for each country with which it trades.
a country exports more than it imports for each country with which it trades.
the country has more money flowing into it than out as a result of trade and other transactions.
a country exports raw materials and imports manufactured goods.