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Export

A good produced in one country and sold to a customer in another country. Exports bring money into the producing country; for that reason, many economists believe that a nation's proper balance of trade means more exports are sold than imports bought. Exports may be difficult to sell in some countries, as the importers may put up various protectionist measures such as import quotas and tariffs. Most governments seek to promote exports, while they have differing positions on imports. See also: Free trade, NAFTA.

export

A good or service that is produced in one country and then sold to and consumed in another country. Because many companies are heavily dependent on exports for sales, any factors such as government policies or exchange rates that affect exports can have significant impact on corporate profits. Compare import. See also balance of trade.

export

  1. a good which is produced in the home country and which is then physically transported to, and sold in, an overseas market earning foreign exchange for the home country (visible export).
  2. a service which is provided for foreigners either in the home country (for example visits by tourists) or overseas (for example banking, insurance) which likewise generates foreign exchange for the home country (invisible export).
  3. capital which is placed abroad in the form of portfolio investment, foreign direct investment in physical assets, and banking deposits (capital export). See FOREIGN INVESTMENT.

    Together these items comprise, along with IMPORTS, a country's BALANCE OF PAYMENTS. See INTERNATIONAL TRADE, EXPORTING, EXPORT CREDIT GUARANTEE DEPARTMENT, EXPORT RESTRAINT AGREEMENT, EXPORT SUBSIDY.

Exportclick for a larger image
Fig. 68 Export. (a) UK goods and services exports, 2003.

(b) Geographical distribution of UK goods/services exports, 2003. Source: UK Balance of Payments, ONS, 2004.

export

a good, service or capital asset that is sold to foreign countries. (i) A good that is produced in the home country and is then physically transported to, and sold in, an overseas market, earning foreign exchange for the home country, is called a visible export. (ii) A service that is provided for foreigners either in the home country (for example, visits by tourists) or overseas (for example, banking, insurance) which likewise generates foreign exchange for the home country is called an invisible export. (iii) Capital that is placed abroad in the form of portfolio investment, foreign direct investment in physical assets and banking deposits is called a capital export. Exports are important in two main respects:
  1. together with IMPORTS they make up a country's BALANCE OF PAYMENTS - a country must export in order to finance (‘pay for’ in foreign currency terms) its imports. The combined net payment figures (exports minus imports) for (i), (ii) and (iii) are shown in Fig. 13 (a), BALANCE OF PAYMENTS entry.
  2. they represent an ‘injection’ into the CIRCULAR FLOW OF NATIONAL INCOME, serving to raise real income and output. In 2003, exports accounted for 20% of gross final expenditure (GFE) on domestically produced output (GFE minus imports = GROSS NATIONAL PRODUCT). See Fig. 133 (b) , NATIONAL INCOME ACCOUNTS entry Fig. 68 gives details of the product composition and geographical distribution of UK (merchandise) goods exports in 2003. See Fig. 84 , for comparable import data (IMPORT entry). See INTERNATIONAL TRADE, EXPORT MULTIPLIER, C.I.F. ( COST- INSURANCE-FREIGHT), F.O.B. ( FREE-ONBOARD), CERTIFICATE OF ORIGIN, INSURANCE, FACTORING, FORFAITING, EXPORT SUBSIDY, EXPORT RESTRAINT AGREEMENT, FOREIGN INVESTMENT, EXCHANGE RATE, EXCHANGE RATE EXPOSURE, TERMS OF TRADE.
References in periodicals archive ?
The parameter [delta] measures how much more or less cash per unit of value is required for the purchase of importables relative to the cash required for purchase of the exportable good; hence [delta] captures the proportional increase or decrease in the domestic consumer prices of the importables, depending on whether [[phi].
The growers therefore will not be affected by coffee imports, since there is still an excess of demand for exportable grade Colombian coffee.
The present study was planned to estimate the exportable surplus and to examine the future prospects for export of mango.
This prototype clearly demonstrates the feasibility of field retrofitting a HMMWV to provide significant levels of additional electric power for both on-board and exportable power needs.
He stressed that the government should facilitate the private sector in diversifying export base and adding value to exportable products.
LAHORE -- Prime Minister Raja Pervez Ashraf has said that the government is utilising all of its resources to industrialise the country in order to create jobs and production of exportable surplus.
The official presentation of the exportable biogas unit was held in Bishkek on September 6.
Venezuela's state oil company PDVSA said Total's investment in the Junin 10 field included the construction of an oil refinery or upgrader to turn the extra heavy crude into exportable oil.
5) Furthermore, we extend the Blanchard-type model to a three-good open economy composed of exportable, importable, and non-traded goods to allow us to consider the dynamics of the real exchange rate when demand changes.
Ecuador lacks any exportable goods to our country, but cocoa, rice, coffee and tropical fruits, so the country is regarded as a potential market, to which, Iran can export a lot, Salehi pointed out.
Since most low-income, food-deficit countries (LDCs) specialize in non-food exportable commodities like coffee, cocoa, tea, and tobacco, the top ten list of WFP suppliers include, instead of LDCs, a number of "more advanced" developing countries, such as Brazil and South Africa, which specialize in industrial production of exportable food commodities.
They are contributing nearly 40 percent of the growth achieved by private industry and close to 60 percent of the growth of exportable high-value products and services, the study stated.