Export refers to the process of sending goods or services from one country to another for sale or trade. This is an essential part of international commerce, allowing countries to share their products and resources with others. For example, a country rich in natural resources might export oil to nations that need it for energy.
When a business decides to export, it must consider various factors, such as shipping costs, tariffs, and market demand in the destination country. Successful exporting can lead to increased profits and growth for companies, while also benefiting the economies of both the exporting and importing nations.