export

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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 ?
El tener una oferta exportable no solo significa, como muchos piensan, que se debe contar con los volumenes solicitados por el importador o con un producto acorde con las exigencias del mercado de destino, sino que implica mucho mas.
Likewise, an export and production tax reform that keeps producer prices unaffected improves consumption efficiency, by reducing excessive consumption of the exportable goods, and at the same time increases government revenue, by reducing implicit consumption subsidies.
But even if they were exportable, would they be considered more than philosophical niceties to peoples deeply impressed with crying economic needs, the cruel majesty of a new industrial machine, and the prospect of being in the advanced guard of mankind?
"Eighty-five percent of malaria throughout the world is concentrated in Africa, South America and Asia," she says, "so it will be an exportable product.
The fair spans the range of exportable goods from souvenirs to textiles to heavy equipment.
Now that British Beef is once again exportable, the first impact since the lifting of the ban has been a rise in beef prices.
For example, this additional role may take the form of exportable training teams consisting of O/Cs, analysts, and support personnel conducting operations in support of the global war on terror.
Despite potentially enhanced profits, a large portion of America's exportable raw materials are sold at mine site, or Freight on Board (FOB) rail and less often FOB port of loading.
Would there be competing Chinese biennials without the superheated market for exportable Chinese art?) The inspired Venetians who founded the Biennale saw a way to mimic the money machine of a world's fair, but to do it on a smaller scale, repeatable every two years with the portable, perpetually renewable objects of contemporary art.
This paper incorporates the idea of using the nontraded good as the numeraire rather than the exportable good to analyze the short-term effects of trade liberalization on the labor market.
"If we want to take advantage of the exportable resources we have, we need to get what we produce to the right places.
Video is exportable as a fully executable file that can be viewed on the system or on any PC.