Exportable describes goods, services, or intellectual property that are capable of being legally and profitably sold to another country. This involves meeting specific quality standards, adhering to international trade regulations, and navigating logistics such as transportation and customs clearance. The term also implicitly considers market demand and the presence of import restrictions in the destination country. For a product to be exportable, it must be competitive in price and possess features or benefits appealing to foreign consumers, all whilst being able to surmount cultural differences that might affect demand.
Exportable meaning with examples
- The company assessed its new line of organic teas and determined which blends were 'exportable.' They researched global demand for herbal teas, analyzed competitor pricing, and confirmed their ability to meet quality and packaging requirements for various international markets. Their rigorous due diligence ensured a smooth process, enabling them to focus on marketing.
- The artisan carefully crafted his ceramics, making them both visually appealing and durable enough to be 'exportable.' He researched packaging materials designed to withstand international shipping, and complied with labeling regulations, before sourcing local and sustainable raw materials, showcasing his environmental awareness.
- Before investing in a new manufacturing plant, the business evaluated its 'exportable' production capacity and projected its return on investment in multiple countries. A study considered the feasibility of exporting from the new facilities, comparing production costs, shipping rates, and potential tariffs, enabling an informed decision.
- The software developer ensured their application was 'exportable' by building it with internationalization in mind, enabling easy localization. This included allowing for multiple language support and currency conversions. This ensured accessibility across different national user bases, making the product ready for global distribution and use.
- During their market research, a clothing manufacturer evaluated whether their new apparel designs were 'exportable' to various countries. They focused on consumer preferences in different markets, tailoring the colors, sizes, and styles to meet local demand and comply with different safety standards.