Very few countries can exist in a vacuum. Most rely on other countries to ship them particular goods – whether it’s something like oil, or maybe even the pair of jeans hanging up in your closet. Countries also rely on their international neighbors to buy the goods they create.

Exports are goods and services that are produced in one country and purchased by the residents of another country. It doesn’t matter what the good or service is, or how it’s sent.

A product can be shipped, sent by email, or carried in personal luggage on a plane. It’s an export if it’s produced domestically and sold to someone in a foreign country. The effects of this process can trickle down to consumers.

Most countries want to increase their exports. Their companies want to sell more, and they want to sell overseas when they’ve sold all they can to their own country’s population. They gain expertise in producing goods and services, and they gain knowledge about how to sell to foreign markets.

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