EXPORTATION Meaning and
Definition
-
Exportation refers to the act of sending or transferring goods or commodities from one country to another for the purpose of selling or trading. It involves the movement of products produced within a country's borders to be sold in foreign markets, thereby contributing to the international trade of goods.
Exportation is a critical component of a country's economy as it stimulates growth, creates jobs, and enhances foreign exchange reserves. It allows nations to take advantage of their unique resources, skills, and expertise by supplying products or services that are in demand internationally. Additionally, exportation facilitates the exchange of goods and services between countries, promoting global economic integration and cooperation.
To engage in exportation, businesses or individuals must comply with specific legal and regulatory requirements. This often includes obtaining necessary licenses or permits, adhering to customs procedures, and meeting quality standards or certifications applicable to the destination market.
Exportation plays a pivotal role in balancing trade deficits and increasing the competitiveness of domestic industries. Government policies and initiatives aimed at supporting exportation, such as export subsidies or tax incentives, are common strategies employed to encourage businesses to expand their presence in foreign markets.
Overall, exportation represents a vital aspect of international trade, fostering economic growth, creating employment opportunities, and contributing to the development and diversification of a nation's economy.
-
The act of conveying goods from one country to another, as by a merchant or trader.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for EXPORTATION *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for EXPORTATION
Etymology of EXPORTATION
The word "exportation" has Latin origins. It comes from the Latin word "exportatio", which is derived from the verb "exportare". "Exportare" is a combination of the prefix "ex-" meaning "out", and "portare" meaning "to carry". Thus, "exportatio" means "carrying out". Over time, the word evolved into "exportation" in the English language, retaining its meaning of sending goods or services from one country to another for trade or sale.
Similar spelling words for EXPORTATION
Infographic
Add the infographic to your website:
