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International Trade vocabulary · Import and Export

Export license

Meaning in international trade, with examples

nounCommon term

In international trade, export license means: An official permission from a government that a company needs before it can export certain controlled goods, such as dual-use items, military goods or some chemicals.

In Turkish: ihracat lisansı, ihracat izni

How it is used

Most ordinary goods do not need one, but controlled products, and exports to some destinations under sanctions, do. Companies apply for, obtain or are granted a license.

Example sentences

  1. These sensors are dual-use goods, so we need an export license before shipping.

  2. The export license was granted after six weeks.

Common collocations

  • apply for an export license
  • export license requirement
  • grant an export license
  • subject to an export license
  • exportThe sale of goods or services to buyers in another country; also a product that is sold abroad in this way.
  • embargoAn official order that stops or restricts trade with a particular country, or trade in particular goods.
  • exporterA person or company that sells goods to buyers in other countries and usually handles the export side of the shipment.
  • customs declarationThe official form, usually submitted electronically, in which a company tells customs what goods it is importing or exporting, with their value, origin and classification.

More terms: Import and Export

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