Export Definition - What is it, Meaning and Concept

Export has its origin in the Latin word exportatio and mentions the action and effect of export (when a country sells merchandise to another).The export is also the set of merchandise or goods that are exported .For example: “Chinese export has increased 152% in the last decade ", " The small Caribbean country needs to increase its export to balance the trade balance ", " My uncle works in a company dedicated to the export of food to the European market ".

It can be said, therefore, that an export is a good or service that is sent to another part of the world for commercial purposes.The shipment can be specified by different routes of transport, whether land, sea or air.It may even be an export of services that does not involve the shipment of something physical.This is the case of those who offer their transportation.below through Internet and send it in digital format (text documents, images, etc.).

Exports always refer to legitimate merchandise traffic and services .Therefore, the conditions are governed by the laws of the sending country (the exporter ) and the receiving country (the importer ).nations impose certain obstacles to importation so that local producers are not harmed.These measures, of course, affect exporting countries.

In the case of illegal trade (such as drug trafficking or arms trafficking ), it cannot be considered within the export as a whole, since it takes place outside of any legislative framework and is not subject to rules.

Although a large volume of exports is usually positive for a country, since it tilts the trade balance in its favor, the excess can have negative repercussions; For example, it can raise your expenses to excessive limits, deplete your resources and cause you logistical and legal problems.

The eight countries with the highest export volume worldwide

China

Among the main products that it exports are: textile clothing and supplies, medical equipment, toys, steel, iron, electrical machinery and weapons.Some of the countries to which it exports are, in order of importance, the United States, Japan , South Korea and Germany.

United States

It generates exports for an amount close to 1.2 billion dollars, with products such as: transistors, car parts, airplanes, computers, telecommunications equipment, cars, medicines, fruits, corn and soybeans.Its most important destinations They are Canada, Mexico, China and Japan.

Germany

It specializes in the export of: vehicles, machinery, metals, chemicals, textiles and food.On a monetary level, its activity as an exporter is equivalent to the North American and its main buyers are France, United States, Holland, United Kingdom and Italy.

Japan

Its annual export volume represents approximately 2/3 of that reached by the United States.Among the products it exports we can mention: chemicals, textiles, machinery, auto parts, plastics, cars, steel and iron products and semiconductors.Its destinations more Relevant are China, the United States and South Korea.

France

Annually, countries such as Germany, Italy, Spain, Belgium and the United States benefit from their export of: airplanes, plastics, machinery, pharmaceutical and chemical products, steel and iron, electronics and beverages.

Netherlands

With just over 1/3 of the export volume of the United States or China, they are mainly engaged in the production of: food, chemicals, fuels, machinery and equipment.Their most prominent destinations are Germany, Belgium, France, United Kingdom and Italy.

South Korea

It mainly exports the following goods: telecommunications equipment, cars, computers, semiconductors, steel, chemicals and ships.The countries that benefit most from its activity are China, the United States and Japan.

Italy

It is one of the many European countries that dominate this statistic, and exports a volume of 430,000 million dollars a year, mainly in: products of engineering, vehicles, textiles and clothing, chemicals, food, non-ferrous metals and minerals, tobacco and beverages.Their best buyers are Germany, France, the United States and Spain.