export
U.S. History
(verb)
To ship goods and services out of the port of a country.
Economics
Business
Examples of export in the following topics:
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Exporting
- Firms may choose to export products for several reasons.
- A firm can export its products in one of three ways: indirect exporting, semi-direct exporting, and direct exporting.
- Indirect exporting is a common practice among firms that are just beginning their exporting.
- Such semi-direct exporting can be handled in a variety of ways: (a) a combination export manager, a domestic agent intermediary that acts as an exporting department for several noncompeting firms; (b) the manufacturer's export agent (MEA) operates very much like a manufacturer's agent in domestic marketing settings; (c) a Webb-Pomerene Export Association may choose to limit cooperation to advertising, or it may handle the exporting of the products of the association's members and; (d) piggyback exporting, in which one manufacturer (carrier) that has export facilities and overseas channels of distribution handles the exporting of another firm (rider) noncompeting but complementary products.
- The exporting manufacturer conducts market research, establishes physical distribution, and obtains all necessary export documentation.
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Exports: The Economic Impacts of Selling Goods to Other Countries
- The seller of the goods and services is referred to as the "exporter. "
- In order to protect exports, commercial goods are subject to customs authorities for both the exporting and importing countries.
- The map shows the primary exporters for countries around the globe.
- The colors indicate the leading merchandise export destination for the indicated country (the United States main export destination is the European Union).
- Exporting is the act of shipping goods and services to other countries.
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Brazil's Exports
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Exporting
- Export of commercial quantities of goods normally requires the involvement of customs authorities in both the country of export and the country of import.
- Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.
- An export's counterpart is an import.
- Barrels of oil exported per day in 2006.
- Russia and Saudi Arabia exported more barrels than any other oil-exporting countries.
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The Export-Import Bank of the United States
- The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.
- The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.
- Generally, its programs are available to any American export firm regardless of size.
- The Export-Import Bank of the United States focuses much of its energy and resources on providing support to small American businesses for export of American-made products
- Explain the purpose of the Export-Import Bank of the United States (Ex-Im Bank)
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Importing and Exporting
- Nations export products for which they have a competitive advantage in order to import products for which they lack a competitive advantage.
- In International Trade, "exports" refers to selling goods and services produced in the home country to other markets.
- Export goods or services are provided to foreign consumers by domestic producers.
- An import in the receiving country is an export to the sending country.
- Exporting raw materials accounts for the funds spent on importing finished goods.
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Importing
- Therefore, they should export their sugar/coffee beans and import wheat at a lower cost than trying to grow wheat themselves.
- The buyer of such goods and services is referred to as an "importer" and is based in the country of import whereas the overseas-based seller is referred to as an "exporter".
- An import in the receiving country is an export to the sending country.
- Imports, along with exports, form the basics of international trade.
- Comparative advantage is a concept often applied to importing and exporting.
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Balance of Trade
- The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period.
- The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period.
- It is the relationship between a nation's imports and exports.
- The cost of production (land, labor, capital, taxes, incentives, etc.) in the exporting economy vis-à-vis those in the importing economy
- In export-led growth (such as oil and early industrial goods), the balance of trade will improve during an economic expansion.
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Shipping and Transportation
- Freight on board, or free on board (FOB): the exporter delivers the goods at the specified location (and on board the vessel).
- Costs paid by the exporter include loading, securing, etc.
- For example, C&F Los Angeles (the exporter pays the ocean shipping/air freight costs to Los Angeles).
- Most governments ask their exporters to trade on these terms to promote their exports.
- Cost, insurance, and freight (CIF): Insurance and freight are paid by the exporter to the specified location.
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Other Barriers
- Embargoes are prohibitions on trade ban imports or exports, and may apply to certain categories of products, or strictly to goods supplied by certain countries .
- Export subsidies: Export subsidies are production subsidies granted to exported products, usually by a government.
- With export subsidies, domestic producers can sell their commodities in foreign markets below cost, which makes them more competitive.
- Countervailing duties: Countervailing duties, or anti-subsidy duties, are extra duties levied on imports in order to neutralize an export subsidy.
- If a country discovers that a foreign country subsidizes its exports, and domestic producers are injured as a result, a countervailing duty can be imposed in order to reduce the export subsidy advantage.