What is export short answer?

Question

Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.

What do you mean of export?

1 : to carry away : remove. 2 : to carry or send (something, such as a commodity) to some other place (such as another country) intransitive verb. : to export something abroad.

What is import and export short answer?

Imports lead to an outflow of funds from the country since import transactions involve payments to sellers residing in another country. Exports are goods and services that are produced domestically, but then sold to customers residing in other countries.

What is import and export?

Imports are any good or service brought in from one country to another, while exports are goods and services produced in the home country for sale to other markets. Thus, whether you're importing or exporting a product (or both) depends on your orientation to the transaction.

What is export and examples?

Export is defined as to move products to another country for the purpose of trade or sale. An example of export is Ecuador shipping bananas to other countries for sale. verb. 2. The definition of an export is something that is shipped or brought to another country to be sold or traded.

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