Examples of export in the following topics:
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- The seller of the goods and services is referred to as the "exporter. "
- In order to protect exports, commercial goods are subject to customs authorities for both the exporting and importing countries.
- The map shows the primary exporters for countries around the globe.
- The colors indicate the leading merchandise export destination for the indicated country (the United States main export destination is the European Union).
- Exporting is the act of shipping goods and services to other countries.
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- Embargoes are prohibitions on trade ban imports or exports, and may apply to certain categories of products, or strictly to goods supplied by certain countries .
- Export subsidies: Export subsidies are production subsidies granted to exported products, usually by a government.
- With export subsidies, domestic producers can sell their commodities in foreign markets below cost, which makes them more competitive.
- Countervailing duties: Countervailing duties, or anti-subsidy duties, are extra duties levied on imports in order to neutralize an export subsidy.
- If a country discovers that a foreign country subsidizes its exports, and domestic producers are injured as a result, a countervailing duty can be imposed in order to reduce the export subsidy advantage.
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- GDP is the sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X – M): Y = C + I + G + (X - M).
- GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X – M):
- Exports (X) represents gross exports.
- GDP captures the amount a country produces, including goods and services produced for other nations' consumption, therefore exports are added.
- Sometimes, net exports is simply written as NX, but is the same thing as X-M.
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- Free trade is a policy where governments do not discriminate against imports and exports; creates a large net gain for society.
- Free trade is a policy where governments do not discriminate against exports and imports.
- Free trade is beneficial to society because it eliminates import and export tariffs.
- Free trade policies consist of eliminating export tariffs, import quotas, and export quotas; all of which cause more losses than benefits for a country.
- With free trade in place, the producers of the exported good in exporting countries and the consumers in importing countries all benefit.
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- The balance of trade is the difference between the monetary value of exports and imports of output in an economy over a certain period.
- It is the relationship between a nation's imports and exports.
- It is measured by finding the country's net exports.
- In export-led growth (such as oil and early industrial goods), the balance of trade will improve during an economic expansion.
- Y represents national income or GDP, C is consumption, I is investment, G is government spending, and NX stands for net exports (exports minus imports).
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- The current account represents the sum of net exports, factor income, and cash transfers.
- The balance of trade is the difference between a nation's exports of goods and services and its imports of goods and services.
- A nation has a trade deficit if its imports exceed its exports.
- When ownership of a good is transferred from a local country to a foreign country, this is called an export.
- Likewise, when a foreign tourist comes and enjoys the services of a local country, this is counted as an export.
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- These policies helped shrink international markets for agricultural commodities, reduce international commodity prices, and increase surpluses of agricultural commodities in exporting countries.
- In a narrow sense, it is understandable why a country might try to solve an agricultural overproduction problem by seeking to export its surplus freely while restricting imports.
- While these talks were designed to eliminate export subsidies entirely, the delegates could not agree on going that far.
- The European Community, meanwhile, moved to cut export subsidies, and trade tensions ebbed by the late 1990s.
- Meanwhile, efforts to move toward freer world agricultural trade faced an additional obstacle because exports slumped in the late 1990s.
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- Adding the demand for exports to the demand for assets outside of a country, we get the total demand for a country's currency.
- We have already seen that the quantity of currency demanded is equal to the demand for exports and demand for domestic assets.
- Exports + (foreign purchases of domestic assets) = imports + (domestic purchases of foreign assets)
- Exports - imports = (domestic purchases of foreign assets) - (foreign purchases of domestic assets)
- The left-hand term is net exports - the difference between the amount of goods and services a country exports and the amount that it imports.
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- By the late 1970s, many countries, particularly newly industrializing countries, were growing increasingly competitive in international export markets.
- American workers also charged that foreign countries were unfairly helping their exporters win markets in third countries by subsidizing select industries such as steel and by designing trade policies that unduly promoted exports over imports.
- This made U.S. exports relatively more expensive and foreign imports into the United States relatively cheaper.
- In 1975, U.S. exports had exceeded foreign imports by $12,400 million, but that would be the last trade surplus the United States would see in the 20th century.
- The trade gap began sinking in subsequent years as the dollar depreciated and economic growth in other countries led to increased demand for U.S. exports.
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- Written out the equation is: aggregate expenditure equals the sum of the household consumption (C), investments (I), government spending (G), and net exports (NX).