WHAT IS EXPORT TRADING?
Export
trading involves the sale of goods produced in one country to another. This
process is facilitated by export trading companies (ETCs), which specialize in
managing the logistics, legalities, and marketing of products in foreign
markets. These companies play a crucial role in connecting producers with
international buyers, ensuring smooth...
DETERMINANTS OF EXPORT
Several
factors influence a country's export levels, including:1. Production Capacity: The ability to produce goods in
surplus to domestic needs.2. Economic Policies: Government policies on trade
tariffs, subsidies, and regulations.3. Exchange Rates: Fluctuations in currency values can
make exports cheaper or more expensive.4. Market Demand: The demand for specific goods...
WHAT GOODS ARE EXPORTED?
Export goods
refer to products and services sold to foreign countries. These can range from
raw materials like oil and minerals to manufactured goods such as electronics,
automobiles, and clothing. Agricultural products, including grains, fruits, and
meat, are also significant export items. The diversity of export goods reflects
a country's...