Regardless of current events: Both are looking at volume, when the nature of what's exchanged probably matter as much if not more. If a country massively impor

Regardless of current events: Both are looking at volume, when the nature of what's exchanged probably matter as much if not more. If a country massively imports raw materials and exports a low but steady volume of high level finished products, as long as the raw materials are reasonably cheap it will be a winning strategy. A country importing high technology goods and balancing that with raw resources will potentially be in a worse condition if raw materials stay a commodity or deplete.