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equation is an expression equated to a value..what you have written is an expression. when equated to a value or any other expression makes it an equation.
An "expression" is anything that can be calculated to get a number, in other words, anything that represents a number, so that includes the numbers themselves.
An algebraic expression includes one or more variables (x, y, a, b) that can have more than one value, especially with regard to each other when there are two or more.
An expression is a statement of terms and has no equal sign. An equation is a statement of two terms that equal each other.
It is an expression in two variables, x and Y. Since it is an expression, it is not possible to do anything with it - other than change the order of the terms.