Export

Loading the player...

DEFINITION of '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.

BREAKING DOWN 'Export'

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
  1. Tariff

    A tax imposed on imported goods and services. Tariffs are used ...
  2. Absolute Advantage

    The ability of a country, individual, company or region to produce ...
  3. Countervailing Duties

    Tariffs levied on imported goods to offset subsidies made to ...
  4. Environmental Tariff

    A tax placed on products being imported to or exported from countries ...
  5. Price Scissors

    When the value of one set or sector of a group falls below the ...
  6. Assembly Service

    Combining a number of small shipments from multiple parties into ...
Related Articles
  1. Economics

    Florida's Economy: The 6 Industries Driving GDP Growth

    Learn how tourism, agriculture, international trade, aerospace and aviation, and the life sciences industries drive Florida's economy.
  2. Forex Fundamentals

    Analyzing Bitcoin in 2016

    Discover the market dynamics behind bitcoin's latest price recovery in late 2015 and why its underlying value is expected to remain strong in 2016.
  3. Economics

    What Is The Balance Of Payments?

    The balance of payments helps countries to track how much money is coming in and how much money is going out. Learn more about BOPs here.
  4. Economics

    Chinese Yuan Devaluation Can Impact India

    Learn why China's unexpected devaluation in August 2015 of its national currency, the yuan renminbi, could impact India’s economy.
  5. Personal Finance

    What Is International Trade?

    Everyone's talking about globalization, so we explain what is it and why some oppose it.
  6. Economics

    The 4 Countries that Produce the Most Wine

    Learn about the four largest wine-producing countries in the world, along with information on the most notable wines these countries produce.
  7. Economics

    The End of US Foreign Oil Dependency

    Learn about how U.S. production of oil is increasing on an annual basis and how oil imports are dropping, and why Congress may lift a ban on the export of oil.
  8. Term

    Growth and Politics In Exports

    An export is a good or service that is shipped from one country to another for sale or trade.
  9. Economics

    Exploring The Current Account In The Balance Of Payments

    Learn how a country's current account balance reflects the country's economic health.
  10. Bonds & Fixed Income

    Understanding Capital And Financial Accounts In The Balance Of Payments

    The current, capital and financial accounts compose a nation's balance of payments.
RELATED FAQS
  1. Is Japan an emerging market economy?

    Japan is not an emerging market economy. Emerging market economies are characterized by low per capita incomes, poor infrastructure ... Read Full Answer >>
  2. How can a nation adopt an export policy based on the economies of scope?

    A nation as a whole can adopt an export policy based on the economies of scope by focusing production on goods and services ... Read Full Answer >>
  3. To what extent does government regulation impact the electronics sector?

    Many electronics sector companies are tightly regulated. Environmental and product quality regulations are common around ... Read Full Answer >>
  4. How does the price of oil affect Venezuela's economy?

    The price of oil is one of the most heavily watched trends in economics, as it has an effect on the economies of every nation ... Read Full Answer >>
  5. What country is the world's largest exporter of goods?

    China has been the world's largest exporter of goods since 2009. Official estimates suggest Chinese exports amounted to $1.9 ... Read Full Answer >>
  6. What is comparative advantage?

    Comparative advantage is an economic law that demonstrates the ways in which protectionism (mercantilism, at the time it ... Read Full Answer >>
Hot Definitions
  1. Liquidation Margin

    Liquidation margin refers to the value of all of the equity positions in a margin account. If an investor or trader holds ...
  2. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  3. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  4. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  5. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
Trading Center