What are Exports?
Export meaning
What is export? Exports mean goods and services made in the home country are sold to buyers in a different country.
Exporting, along with importing, forms the foundation of international trade and facilitates the exchange of goods and services among global markets. Countries can engage in free trade agreements or implement government-imposed measures such as tariffs to shield domestic businesses from foreign trade barriers. This allows them to import necessary goods and export products to other markets for profit.
Trade barriers and restrictions on imports and exports
A trade barrier is any government law, regulation, policy, or practice intended to shield domestic products from foreign competition or boost exports of specific domestic goods artificially.
Import and export companies encounter distinct challenges due to trade barriers or volatile foreign currency exchange rates. Additional expenses arise as companies need to invest significant resources in market research and product adaptations to align with local demand and regulations.
How to exports a shipment
| Understand requirements and restrictions | Prepare shipment and documentation | Custom clearance and compliance | Track and monitor the shipment |
Post shipment follow up |
|---|---|---|---|---|
| Research export regulations and limitations of both the originating and destination countries. | Ensure proper packaging, labeling and export standard compliance with export shipping documents such as:
Pro tips: For further information on export documents, please refer to the export guide. |
Provide accurate and detailed information about the shipment to customs authorities for clearance. Verify adherence to export control laws, ensuring the authorized export of specific goods. |
Arrange transportation of goods and confirmed the shipments transports completions by proof of delivery e.g. bill of lading.
In FedEx every shipment enjoys tracking services. Customers can check the updated shipment status and receive alerts of shipping issues. |
Provide necessary post-sales support, such as documentation assistance, after-sales service, and addressing any concerns or issues raised by the buyer. |
What are the top exporting countries?
As of 2023, The United States of America, China , Germany, Netherlands, UK are the top exporters in the world. For the most up-to-date information, visit the World Trade Organization (WTO) website.
What are the most popular export goods?
According to Ibisworld, the leading exporting industry is Global Oil & Gas Exploration & Production, example of export products that generating top revenue are natural gas and crude oil.
What are the advantages of exporting?
Market expansion: Businesses can reach new customers and expand their market beyond local boundaries
Revenue growth: Accessing international markets can increase sales and revenue
Diversification: Selling products or services globally provides diversification, reducing dependence on a single market.
Competitive edge: Participating in international trade can boost competitiveness and set the business apart in the global market.
Why import and export are important to your business?
Understanding exports is crucial for any business looking to expand its reach beyond domestic borders. The ability to export opens up new revenue streams, diversifies risk, and enhances competitiveness on a global scale. By leveraging international opportunities, businesses can not only grow but also contribute significantly to their home country's economic health.
In today's interconnected world, mastering the intricacies of exporting isn't just an option—it's a necessity for sustainable growth and long-term success.
Related Terms
Related content
If you’re shipping internationally, you need an export plan. Here’s what you need to know.
Get essential information about import and export customs clearance procedures, so your goods cross borders seamlessly.
Get your shipping quote instantly
Estimate shipping costs and delivery times with FedEx in just a few clicks.
Sign up now and save more on your shipping rates
Open a business account now and start enjoying discounts every time you ship.
The information provided in this document does not, and is not intended to, constitute legal and/or business advice; instead, the information contained herein is for general informational purposes only. Readers of this document should contact their own advisor to obtain advice with respect to any particular matter or topic addressed herein. The content in this document is provided on an “as is” basis; FedEx makes no warranties or representations in relation to the currency, accuracy and/or sufficiency of the information set out herein and shall not be liable for any reliance placed on the same. For the avoidance of doubt, any and all liability with respect to actions taken or not taken based on the contents of this document are hereby expressly disclaimed.