Export

Exporting refers to the act of shipping goods and services out of the port of a country. The seller of such goods and services is referred to as an exporter and is based in the country of export whereas the overseas based buyer is referred to as an importer. Exporting is an essential component of international trade, and it can be a substantial driver of growth for companies and countries alike. The ability to export goods helps an economy to grow by selling goods and services to external markets, contributing to a balance of trade and earnings of foreign exchange. Exporting can also help to spread the risk for companies, as depending on one single market can be dangerous if that market becomes unstable or saturated.