Export
A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output. If used for trade, exports are exchanged for other products or services. Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies. Investopedia Says:
Most of the largest companies operating in advanced economies will derive a substantial portion of their annual revenues from exports to other countries. The ability to export goods helps an economy to grow by selling more overall goods and services. One of the core functions of diplomacy and foreign policy within governments is to foster economic trade in ways that benefit both parties involved. Related Terms:
Absolute Advantage
Balance Of Trade - BOT
Compartive Advantage
Countervailing Duties
Debt-Service Coverage Ratio - DSCR
Dollar Drain
Dumping
Import
Most Favored Nation Clause
Protectionism |