Leading COUNTRIES IN EXPORT OF GOODS AND SERVICES between (1960 - 2024)

Описание: Exports are the goods and services that a country produces and sells to other countries:
Definition
Exports are the value of all goods and services a country sells to other countries. This includes the value of merchandise, freight, insurance, transportation, travel, royalties, license fees, and other services.
Importance
Exports are a key part of international trade and can help a country's economy grow. They can lead to higher incomes and standards of living for the country's citizens.
Benefits for companies
Companies may choose to export their products and services to increase revenue, access new markets, and participate in global trade.
Trade barriers
Trade barriers, such as tariffs, taxes on imports, and subsidies, can affect a country's flow of exports.
Disadvantages
Disadvantages of exporting include high transportation costs, risk of loss due to transportation, currency risk, and increased operational risk.
The opposite of exports are imports, which are goods and services that buyers in a country purchase from sellers in a foreign country.