REVIEWED BY TROY SEGAL Updated Sep 24, 2019
What Is an Export?
By definition, exports are a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. Exports are a crucial component of a country’s economy, as the sale of such goods adds to the producing nation’s gross output. One of the oldest forms of economic transfer, exports occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies. Exported goods are considered zero rated goods.