What Does Export Mean?

What Does Export Mean?

• A. Goods Or Services Bought From Another Country.
• B. Goods Or Services Sold To Another Country.
• C. The Balance Between Exports And Imports.
• D. A Raw Material Such As Cocoa.

Answer: (B)

Export means selling goods or services to another country. When a business or country exports, it ships products to customers overseas and earns foreign currency, contributing to the economy through net exports. Import is the opposite—buying from abroad. The balance between exports and imports describes the overall trade position, not the action itself. A raw material like cocoa could be exported as an example, but that’s just a case of exporting, not the definition.

Export means selling goods or services to another country. When a business or country exports, it ships products to customers overseas and earns foreign currency, contributing to the economy through net exports. Import is the opposite—buying from abroad. The balance between exports and imports describes the overall trade position, not the action itself. A raw material like cocoa could be exported as an example, but that’s just a case of exporting, not the definition.