Exporter Meaning: Definition, Examples, and Translations
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exporter
[ɪkˈspɔːrtər ]
Definition
business context
An exporter is a person or entity that sells goods or services to another country. This role is a key component of international trade, facilitating the flow of products and resources across borders. Exporters often need to comply with various regulations and standards associated with foreign markets.
Synonyms
dealer, distributor, trader, vendor.
Examples of usage
- The exporter shipped thousands of units to Asia.
- Our company is a leading exporter of organic food products.
- The government provides support for new exporters.
- Many local businesses aspire to become exporters.
- The exporter navigated complex trade agreements.
Translations
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Interesting Facts
Economics
- Exporters play a crucial role in a country's economy, helping to generate income and create jobs.
- In many economies, small businesses act as key exporters, demonstrating that size is not always indicative of sales volume globally.
- Countries often rely on exporters to diversify their economies and reduce dependence on domestic markets.
International Trade
- The World Trade Organization (WTO) regulates international trade, setting rules that exporters must follow.
- Tariffs and trade agreements greatly influence exporters, as they need to navigate these aspects to compete globally.
- Exporting goods can lead to a 'trade balance,' which refers to the relationship between what a country sends out and what it receives.
Cultural Impact
- Exporters can significantly affect cultural exchange, introducing foreign products that can change local consumer habits.
- Through exporting, cultures can share inventions, cuisines, and ideas, fostering global interconnectedness.
- Some countries are known for specific exports, like Italy's fashion or Japan's technology, enhancing their cultural identities.
Logistics
- Exporters often work with freight forwarders to ensure goods are transported efficiently and comply with international shipping regulations.
- Shipping methods vary from air to sea to land, and exporters must choose based on cost, weight, and urgency.
- The process involves careful documentation to clear customs and ensure that goods reach their destination safely and legally.
Origin of 'exporter'
Main points about word origin
- The term 'exporter' comes from the Latin word 'exportare,' which means to carry out.
- In Old French, 'exporter' also meant to send goods out of a country, and this sense carried over to English in the 15th century.
- The prefix 'ex-' suggests 'out of or away from,' helping to clarify the action of sending products abroad.
The term 'exporter' has its roots in the Latin word 'exportare', which combines 'ex-' meaning 'out of' and 'portare' meaning 'to carry'. This reflects the concept of transporting goods out of a country. The word began to be used in English in the late 15th century, evolving with the expansion of trade routes and the establishment of colonial empires. As global trade practices developed, the term became standard in economic discussions. The rise of industrialization in the 18th and 19th centuries further fueled the growth of exporting as businesses sought new markets for their products. In contemporary contexts, exporters play a crucial role in the global economy, contributing to countries' economic growth through the sale of domestic products abroad.