What is the sequence of events that could lead to trade surplus?
-the selling nations currency value appreciates
-import cost for the buying nation goes up
-demand for foreign currency increases
-import goes down in the buying nation
-the buying nation currency value depreciates

-Import goes down in the buying nation

Explanation:

The trade balance is the difference between Exports - Imports. If a surplus is achieved this means that the country is currently exporting more than it imports. The Option selected determine that the level of imports goes down in the buying nation meaning that exports are going to be stronger in relation to the imports, therefore a surplus is created.

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