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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
For a new exporter still learning the ropes of doing business outside Canada, it is very important to fully understand the foreign market business conditions, including legal, accounting, environmental, ethical, business and cultural practice standards.
Spotty information about products on an exporter's site would most likely discourage potential buyers from moving closer to decision points.
The cash-strapped government has so far issued three tranches of Rs17 billion to about 1,000 exporters through the Central Depository Company (CDC) to liquidate its sales tax refund liabilities, according to an official of the company Dawn spoke to.
They may understand the function and processes involved with CLCs, but they are not able to explain the mechanics of setting up a CLC as a payment tool for the exporter, hh^b
As per the exporter, 75% of the country's cement exports to India take place via the Wagah border, whilst the rest is done via sea route.
The Korea Customs Service is meanwhile currently investigating the exporter as it barred the exporter from shipping more waste materials.
Pakistan is one and has, so far, registered 4300 exporters into REX database.
Little is known about 'failed exporters', that is companies that tried to enter foreign markets or used to export, but withdrew from this activity.
Gateshead-based Blue Kangaroo Design picked up the New Exporter Award and Export Team of the Year winners were Ecco Finishing Supplies Ltd of Middlesbrough.
We know the potential financial risks involved in selling overseas can seem daunting to new exporters and we want to help them export with confidence.
As a result, the EDB, with the assistance of the National Plant Quarantine Service, Department of Agriculture and the Department of Commerce organized an awareness programme on "How to Export Quality Fruit & Vegetable to the EU Region" on 16 September with the participation of more than 50 such Lankan exporters. Among the reps present on 16 September session were from Aitken Spence Exports, Jagro, Eastern and Allied Agencies, Aloy Expo Ltd, Nidro Supply Ltd, Ceylon Chamber of Commerce, CR Exports, Ellawala Horticulture, Kingsfood, and even HNB.
The Second Pilot Project is under the direct supervision of BOC's Assessment and Operations Coordinating Group, which would determine or approve participating exporters and grant the status of certified exporter.