Okuzeka
Economics vocabulary · Trade and Exchange Rates

Export

Meaning in economics, with examples

/ˈekspɔːt/nounCore term

In economics, export means: A good or service sold to buyers in another country; as a verb, to sell goods or services abroad.

In Turkish: ihracat, ihraç ürünü

How it is used

Usually plural in news and statistics: exports rose 6% last month. Countries export goods and services to markets abroad, and firms that do so are exporters. Tourism and software sold abroad count as service exports too.

Example sentences

  1. Exports to Europe rose 6% last month, led by cars and textiles.

  2. The country exports most of its fruit and vegetables to neighbouring markets.

Common collocations

  • exports rise
  • export markets
  • export growth
  • export to
  • export-led growth
  • importA good or service bought from producers in another country; as a verb, to bring goods or services in from abroad.
  • trade deficitThe gap that appears when the value of a country's imports of goods, and sometimes services, is greater than the value of its exports over a period.
  • exchange rateThe price of one currency expressed in another, for example how many Turkish lira you need to buy one US dollar or one euro.
  • tariffA tax that a government charges on goods when they are imported, which makes foreign products more expensive compared with local ones.
  • free tradeInternational trade with few or no barriers such as tariffs, quotas or subsidies, so that goods and services move freely between countries.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Trade and Exchange Rates

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This page explains English vocabulary for learners. It is not financial advice.