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You are here: Home / Potpourri / Economics 101: Export Trade

Economics 101: Export Trade

Economics 101: Export Trade

[This is part of the series: The Complete Guide To Economics 101.]

In a given economy, trade can fall under two broad categories: Import Trade and Export Trade.

Exports simply refer to goods and services that are sent out somewhere else.

Usually, they are goods shipped over state, or national boundaries.

For example:

  • A company in Houston, TX may export oil to another company in Lubbock, TX.
  • A town in Idaho may export potatoes to someone in South Carolina.
  • And, Germany might export steel to a manufacturer in South Africa.

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Filed Under: PotpourriTagged With: #Economics101

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