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What is Exports (in Economics)
Exports is the total volume of products and / or services exported from the country abroad.

Exports in the economy is the macroeconomic concept of the total volume of products and / or services exported from the state (or union) abroad. Its opposite is import.

Note: The general meaning of the word “export” means to take something from inside to outside. The term is also used in the narrow sense to refer to the goods or services exported by the company - see Export, as well as in IT and informatics - see Export (in IT).

Exports in practice: It includes all values ​​(i.e. including licenses, copyrights, etc.). If the export is higher than import, it has in a long term positive impact on the economy of the state - it means a surplus of balance of payments and GDP growth of the state. The total volume of import and export is an important macroeconomic indicator. It has an impact on the balance of payments and GDP of the state. In the long run, it is desirable to have balanced import and export.

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Last update: 15.01.2014

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