Export

To export is to send goods or services to another country for sale or trade. It involves producing items domestically and then shipping them across international borders to be sold to foreign buyers. Exportation is a key component of international trade, contributing to a country's economic growth by generating revenue and creating jobs. It allows businesses to expand their market reach and access a wider customer base than just the domestic market.

Export meaning with examples

• The company plans to export its new line of electric vehicles to Europe next year, anticipating significant demand in the growing European market. They've invested heavily in marketing campaigns across the continent, hoping to secure numerous distribution deals that will ensure they can increase their revenues by having more markets to sell to.
• Following successful clinical trials, the pharmaceutical company will export its newly developed vaccine to several developing countries to help combat the spread of the disease. Regulatory approvals are being expedited to ensure the timely and safe export of the life-saving medicine. A huge step for global public health.
• The local farmers cooperative aims to export organic produce to Japan, capitalizing on the high demand for sustainable agriculture products. They have secured partnerships with Japanese import agents that will streamline the export process. They are hoping this will allow them to have sustainable market.
• With a surge in demand, the software firm decided to export its cloud-based services to Asia, offering multilingual support to cater to diverse customers. They have built a strong team of customer support specialists, to address the unique needs of their Asian clientele. They've also updated the user interface.
• The government is implementing policies to encourage businesses to export their products and services, including tax incentives and streamlined customs procedures. These initiatives aim to boost the country's balance of trade and increase its international competitiveness, hopefully improving the country's economic standing.