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Exportation Meaning: Definition, Examples, and Translations

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exportation

[eks-pawr-TEY-shun ]

Definition

Context #1 | Noun

trade movement

Exportation refers to the act of sending goods or services to another country for sale. It plays a vital role in international trade as it allows countries to expand their markets beyond domestic boundaries and generate revenue. Exportation can involve a wide range of products, from agricultural goods to manufactured items. The process typically requires compliance with various regulations, tariffs, and documentation. Successful exportation can lead to increased national economic growth and job creation.

Synonyms

distribution, outgoing trade, shipping.

Examples of usage

  • The exportation of electronics has increased significantly this year.
  • Many companies are focusing on the exportation of their products to new markets.
  • Exportation policies are crucial for enhancing trade relations between countries.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Economics

  • Exportation is a key driver of economic growth, helping countries develop and create jobs.
  • It can improve a nation's balance of trade when it sells more than it buys from other countries.

Global Trade

  • Major exporting countries like China and the United States play significant roles in the global economy.
  • Products exported range from raw materials, like oil and minerals, to finished goods, like electronics and vehicles.

Cultural Impact

  • Exportation can spread cultural elements, as food, fashion, and technology cross borders.
  • Cuisines worldwide have been influenced by ingredients introduced through export, like tomatoes from the Americas to Europe.

Environmental Concerns

  • Exportation can raise environmental issues, such as carbon emissions from transporting goods over long distances.
  • There’s a growing trend towards local sourcing to minimize transportation impacts.

Origin of 'exportation'

Main points about word origin

  • The word comes from the Latin 'exportare', where 'ex' means 'out' and 'portare' means 'to carry'.
  • First known use was in the 15th century, as trade became more global.

The term 'exportation' has its roots in the Latin word 'exportare', which means 'to carry out.' This term is derived from the combination of 'ex-', meaning 'out of', and 'portare', meaning 'to carry'. The use of the word evolved over time, particularly as international trade began to flourish in the Middle Ages. As countries started to establish trade routes, the need for a specific term to describe the process of sending goods to foreign markets became evident. During the early modern period, exportation became a key factor in nation-building and economic strength, influencing the development of market economies. The industrial revolution further accelerated the pace of exportation as mass production created surplus goods that needed to be sold abroad. In contemporary times, exportation remains a fundamental aspect of the global economy, facilitated by advancements in logistics and communication technologies.

Word Frequency Rank

Ranked #11,043, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.