Which of the following items will not be included while calculating "Balance of trade" ?

• Export of sandals to Pakistan
• Hospitality services in Japan
• Import of fridge from China
• Export of coffee beans to Malaysia

Only 2

the correct answer is Option 3: Only 2

Balance of trade is the difference between the value of exports and imports of visible items (tangible items) only. It does not include services, which are considered under the balance of services or the current account.

As, hospitality services is not a visible item thus, will not be included in the calculation of balance of trade.