What is Export Business ?

An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output.

Exports are one of the oldest forms of economic transfer and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies.

Most of the largest companies operating in advanced economies derive a substantial portion of their annual revenues from exports to other countries.

Exports are a crucial component of a country’s economy. Exports facilitate international trade and stimulate domestic economic activity by creating employment, production and revenues. As of 2017, the world’s largest exporting countries in terms of dollars are China, the United States, Germany, Japan and South Korea.

China has exports of approximately $2.2 trillion in goods, primarily electronic equipment and machinery. The United States exports approximately $1.6 trillion, primarily capital goods. Germany has exports of approximately $1.4 trillion, primarily motor vehicles.