Export: Meaning and definition

Export refers to selling and shipping goods produced within a country to customers or businesses located in other countries. It involves the transfer of goods across international borders to generate revenue and expand to new markets. Exporting allows businesses to reach a global customer base, tap into new markets, and benefit from competitive advantages such as lower production costs or unique products. Exported goods can vary from manufactured products to agricultural commodities, or services. The process of exporting typically involves compliance with trade regulations, documentation, customs procedures, and logistics to ensure the smooth flow of goods across borders.