What is export?
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Exports are the goods and services manufactured in one nation and bought by the residents of another nation. It does not matter what the good or service is. It can be shipped, sent by email, or carried in personal luggage on a ship or a plane. If it is manufactured domestically and traded to someone in a foreign country, then it is known as an export.
An export refers to a product or service produced in one country and sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.