Export
Definition
Export refers to selling goods or services produced within a country's borders to other countries. It involves shipping products across international boundaries for trade purposes.
Analogy
Imagine you have a lemonade stand in your neighborhood. If you start selling your lemonade to people outside of your neighborhood, that would be exporting your product.
Related terms
Import: The opposite of export; it refers to buying goods or services from other countries for domestic use.
Trade Balance: The difference between a country's exports and imports. It can be positive (trade surplus) or negative (trade deficit).
Tariff: A tax imposed on imported goods by the government of the importing country with the aim of protecting domestic industries.
"Export" appears in:
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