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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 volume of the exported agricultural products was 3.38 million tons, 13 percent less in comparison to the 10-month period of the preceding year.
Malaysia exported $793 million worth of agri products while importing only $210 million.
Madeup particles exports also witnessed 11.83 percent increase as madeup articles valuing $102.44 million exported as it was recorded at $91.61 million in same period of last financial year.
company has exported a satellite to China since the law took effect in March 1999.
This trade is also unstable in the products that are exported from one to other - excepting the apparent stability in volumetric terms of oil.
The value of exported goods and services rose almost 12 percent last year, the fastest rate of increase since 1989 (table 3).
This was followed by China, wherein Pakistan exported goods worth $1476.297 million against the exports of $1453.055 million last year, showing growth of 1.59 percent.
Reflecting lower average export prices and exported volumes, export earnings from tea declined in November 2018.
ISLAMABAD -- About 1.189 million metric tons of wheat worth US$ 236.339 million were exported during 12 months of fiscal year 2017-18 as compared the exports of 3,937 metric tons valuing US$ 1.038 million of corresponding period of lat year.
Gold, the top exported product by value, accounted for Dh38 billion or 56 per cent of direct exports value.
exported just 86,500 metric tons of copper-based scrap to China, accounting for 27 percent of total U.S.
As previously noted, the Hong Kong system applies both to goods exported from Hong Kong and to goods that are in transit through the port of Hong Kong.