Export - Term Overview

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The concept of export is the set of goods and services traded by a country to another state or foreign territory. It plays a very important role in the economy of the countries along with imports.

Expanding the definition of export, it can be said that it's any service or that a producing or issuing country sends to a third party for its use or purchase.

It has a government entity that takes care of the management of this procedure, such as customs, which deals with both the exits and the entrances to another territory of the merchandise. At the fiscal and legal level, this type of operations between countries involves a certain complication.

The term export, comes from the Latin exportatio, and is a system used since ancient times. It refers to the operation of sending and receiving merchandise, with a profit for the territory or company that issues it.

Export types

There are several kinds of export. One of them refers to transactions between a central company towards a branch installed in another state or operations with independent consumers through an intermediary company, which is what happens, for example, when a purchase of clothing or technological material is made from through international sales platforms. Another possibility is the export of semi-finished goods or raw materials so that the importing entity can finish manufacturing them.

Currently, countries tend to protect their national products, hence they develop regulations that benefit their own interests, where there are obstacles to imports through very high tariffs or fees. In this way foreign competition is avoided. Trade agreements, such as those in the European Union, put an end to any type of trade barrier, facilitating both the exit (export) and the entry of merchandise (import).

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