Export refers to the cross-border sale of goods or services from a domestic source to a foreign source. Companies export to open up new markets, increase sales, or take advantage of economic benefits.
Export is a central component of the global economy. Companies ship products abroad to acquire new customers. This not only strengthens their own business, but also the entire economy. Exports create jobs, promote innovation, and improve international competitiveness.
Numerous processes are necessary for an export to run smoothly. These include, for example, customs clearance, logistics, documentation, and often country-specific approvals. A smooth process is crucial to avoid delays or cost traps.
In practice, a distinction is made between direct and indirect export. In direct export, the company sells its goods directly to foreign customers. In indirect export, an intermediary handles distribution. Both options have advantages and disadvantages – depending on market knowledge, resources, and company size.
Exporting companies must also deal with trade agreements, import duties, and country-specific regulations. For example, exporting food to the USA is subject to different rules than exporting to Japan. This requires careful preparation.
An important term in connection with exports is the certificate of origin. It certifies the country from which a product originates – often crucial for tariff concessions. The so-called export procedure also plays a key role. This check determines whether a product may be exported at all – especially sensitive goods.
