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- DictionaryEx·port
verb
- 1. send (goods or services) to another country for sale: "we exported $16 million worth of mussels to Japan"
noun
- 1. a commodity, article, or service sold abroad: "wool and mohair were the principal exports"
EXPORT definition: 1. a product that you sell in another country: 2. the business of sending goods to another country…. Learn more.
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Definition of export verb in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
export meaning: 1. a product that you sell in another country: 2. the business of sending goods to another country…. Learn more.
- Advantages
- Disadvantages
- Domestic Provider to Foreign Consumers
- Ancient History
- 15th Century
- 19th Century
- Modern History
Markets can be expanded significantly.Less dependence on the home market.If you sell more you produce more, which leads to greater economies of scale and superior margins.Your R&D (research and development) budget could work more extensively and harder as you can change existing goods to suit new markets.There is a risk that you might lose focus on your existing customers, i.e. your home market. You need to be careful.Administration costs could increase due to having to deal with export regulations.Your relationships may extend to faraway lands where customs, languages, etc. are quite different from yours.You will have much less control over what happens in foreign markets, compared to your home market.If we assume that the word exports refers to money going from a domestic provider to a foreign consumer, tourism meets this standard easily. The tourists’ providers are all in your home country (the exception might be the airline or cruising company), while the consumer – the tourist – is a foreigner.
There is evidence that Assyrian international traders existed at Kanesh in Cappadocia during the 19th century BC. The Ancient Egyptians traded with people in other nations across the Red Sea, mainly importing spices from Arabia and the ‘Land of Punt’. Before and up to the Middle Ages, international trade existed between China, the Roman Empire, Ind...
In the second half of the 15th century, the traditional Spice Route shifted from the Persian Gulf to the Red Sea due to the Turkish hold on the Levant. Christopher Columbus undertook trade missions to the new world in the fifteenth century. Vasco da Gama, and other Portuguese and Spanish navigators also undertook similar missions. In 1602, the Dutc...
During the early half of the 19th century, merchants from Salem, Massachusetts, USA traded profitably with Sumatra. In 1833, the Siamese-American Treatycalled for free trade, except for rice exports and munitions of war imports. In 1846, Britain unilaterally adopted a policy of free trade and abolished the Corn Laws. in 1860, Britain and France sig...
In 1946, nations agreed to the Bretton Woods system, and it subsequently went into effect. A year later, twenty-three nationals agreed to the General Agreement on Tariffs and Trade(GATT) to rationalize trade across the globe. In 1951, six nations from the European Coal and Steel Community (ECSC). Six nations established the European Economic Commun...
export meaning, definition, what is export: the business of selling and sending good...: Learn more.
Companies export their goods or services when they send them out of their own country to be sold in another country, or countries. Almost half of its products are exported , with the remainder sold in the home market.
noun. /ˈekspɔːt/. /ˈekspɔːrt/. [uncountable] the selling and transporting of goods to another country. a ban on the export of live cattle. for export Then the fruit is packaged for export. export earnings/subsidies. an export licence. Their main export market is the United States.
