NZ-China agreement has brought strong economic gains

An Otago economist argues New Zealand should expand its trade agreements in the wake of COVID-19, as his new research shows the country benefited from the NZ-China free trade agreement.

Global trade in soy has major implications for the climate

The extent to which Brazilian soy production and trade contribute to climate change depends largely on the location where soybeans are grown. This is shown by a recent study conducted by the University of Bonn together with ...

Piracy takes greater toll on small Persian gulf energy exporters

Tanker traffic through the Strait of Hormuz can decline for up to two years after a piracy attack, a new Duke University study finds, but the adverse effects of the slowdown are far greater on some Persian Gulf countries ...

The new face of the plastics crisis

Newcastle University research has uncovered the presence of plastic in a new species of deep-sea amphipods which has been discovered in one of the deepest places on earth.

FedEx sues US government over export rules in Huawei case

A lawsuit filed by FedEx against the U.S. government over export rules follows a dispute over diverted shipments that were intended for Huawei Technologies, the Chinese telecommunications-equipment giant.

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Export

The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer". In International Trade, "exports" refers to selling goods and services produced in home country to other markets.

Any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade. Export goods or services are provided to foreign consumers by domestic producers.

Export of commercial quantities of goods normally requires involvement of the customs authorities in both the country of export and the country of import. The advent of small trades over the internet such as through Amazon and eBay have largely bypassed the involvement of Customs in many countries because of the low individual values of these trades[citation needed]. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export. An export's counterpart is an import.

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