Exporting refers to the process of sending goods or services from one country to another for sale. This practice is essential for businesses looking to expand their market reach and increase revenue. By exporting, companies can tap into new customer bases and diversify their operations, which can lead to greater economic stability.
The exporting process involves several steps, including market research, compliance with regulations, and logistics management. Companies must navigate various challenges, such as tariffs and trade agreements, to successfully deliver their products to foreign markets. Understanding these factors is crucial for any business aiming to thrive in the global economy.