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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 ?
Unfavorable parity, input costs main headaches for exporters
To facilitate this, we have a regional network of 24 Export Finance Advisers providing specialist information about the financial help available to UK exporters.
The particularly large fall in GDP amongst oil exporters is accounted for by typically higher reliance on the commodity for these economies.
19 -- Sri Lanka's apex export entity has issued a clarion call to the country's exporter community to register with it and enlist in its surging database on 16 September.
The BOC will conduct orientation seminars for exporters and importers on the implementation of the project.
"With this protocol, our exporters will guarantee not to suffer any losses in their export receivables by paying a fee just like car insurance premiums.
The average value of goods sold abroad per exporter in Wales also decreased by 7% over that period, to pounds 1.612m, still ahead of the national average of pounds 1.132m.
Other exporter services offered by the Commerce Department include profiles of potential foreign buyers and joint venture partners, as well as assistance with web promotion overseas.
Small-exporter exception: While available to all exporters, small exporters can qualify for an exception to the FEP tests under both export benefit regimes if their export sales are $5 million or less (and exporters can elect to limit otherwise qualifying exports for ETI purposes).
The railroad would connect a web of freight railways in Mercosur, a trade bloc comprised of Bolivia, Brazil, Paraguay, Uruguay and Venezuela, giving exporters everything from beef to chemicals, shoes and rubber easier access to Chilean ports, says Tecnicagua's Carlos de Jong, an FCTC project director.
The Pakistan's textile exporters should be more aggressive in order to maintain their global market share and to face the challenges of the post.