EXPORTS Meaning and
Definition
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Exports refer to goods or services produced within a country's boundaries that are sold or traded to other countries. This term specifically describes the practice of sending domestically produced commodities or services across international borders for the purpose of generating income, enhancing economic growth, or meeting the demand of foreign markets. Exports play a crucial role in a nation's economy by contributing to its overall trade balance and facilitating international trade.
In the context of international trade, exports represent an outflow of goods and services from one country to another. Some common examples of exports include manufactured products like automobiles, machinery, electronics, textiles, and chemicals, as well as agricultural products such as crops, livestock, and processed foods. Exports can be carried out through various modes of transportation, including ships, airplanes, trucks, trains, or digital platforms.
Countries that heavily rely on exports often prioritize the promotion and expansion of their export-oriented industries. Governments may offer incentives, such as tax breaks or subsidies, to encourage businesses to engage in exporting activities. Exporting can lead to several benefits, such as increased employment opportunities, foreign exchange earnings, technology transfer, and the diversification of markets.
The value of a country's exports is usually measured in terms of its export revenue, which represents the total monetary worth of exported goods and services over a specific period. This information is typically tracked and reported by governmental agencies, such as customs departments or trade ministries, and is commonly used for monitoring trade balances between countries and formulating trade policies.
Common Misspellings for EXPORTS
Etymology of EXPORTS
The word "exports" has its origins in Latin. It is derived from the Latin word "exportare", which is a combination of "ex" meaning "out" and "portare" meaning "to carry". The term was later adopted by the English language, referring to goods or commodities that are sent out or carried out of a country to be sold in another.
Similar spelling words for EXPORTS
Conjugate verb Exports
CONDITIONAL
I
would export
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would export
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FUTURE
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will export
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will export
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FUTURE PERFECT
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will have exported
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will have exported
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will have exported
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will have exported
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will have exported
PAST
I
exported
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exported
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exported
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exported
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exported
PAST PERFECT
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had exported
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had exported
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had exported
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PRESENT
I
export
we
export
you
export
he/she/it
exports
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export
PRESENT PERFECT
I
have exported
we
have exported
you
have exported
he/she/it
has exported
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have exported
I
am exporting
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are exporting
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are exporting
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are exporting
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was exporting
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were exporting
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were exporting
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will be exporting
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will be exporting
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will be exporting
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have been exporting
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had been exporting
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had been exporting
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had been exporting
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had been exporting
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had been exporting
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will have been exporting
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will have been exporting
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I
would have exported
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would have exported
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would have exported
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would have exported
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would have exported
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would be exporting
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would be exporting
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would have been exporting
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would have been exporting
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would have been exporting
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