Reexport: meaning, definitions and examples
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reexport
[ riːˈɛkspɔːrt ]
trade activity
Reexport refers to the act of exporting goods that have previously been imported into a country. This process often involves minimal processing or alteration before the goods are shipped to another market. Reexporting can be a strategy for businesses to capitalize on price differences in international markets.
Synonyms
re-export, redistribute, reship
Examples of usage
- The company decided to reexport the electronics that were imported last month.
- Many countries rely on reexporting agricultural products to boost their economies.
- After the initial import, they managed to reexport the items at a higher price.
- Reexporting textiles has become a lucrative business for several firms.
Translations
Translations of the word "reexport" in other languages:
🇵🇹 reexportação
🇮🇳 पुनः निर्यात
🇩🇪 Reexport
🇮🇩 reeksport
🇺🇦 реекспорт
🇵🇱 reeksport
🇯🇵 再輸出
🇫🇷 réexportation
🇪🇸 reexportación
🇹🇷 reeksport
🇰🇷 재수출
🇸🇦 إعادة تصدير
🇨🇿 reexport
🇸🇰 reexport
🇨🇳 再出口
🇸🇮 reeksport
🇮🇸 endurreksport
🇰🇿 реэкспорт
🇬🇪 რეექსპორტი
🇦🇿 reeksport
🇲🇽 reexportación
Etymology
The term 'reexport' has its roots in the combination of the prefix 're-', meaning 'again', and 'export', which derives from the Latin 'exportare'. The Latin 'portare' means 'to carry', while 'ex-' means 'out of'. Thus, 'export' literally means 'to carry out', which has been integrated into the terminology of international trade. The usage of 'reexport' began to gain traction in trade discussions as global commerce expanded, particularly in the 20th century, with the rise of complex supply chains that involved multiple countries. As businesses sought opportunities to maximize profits, understanding the nuances of reexporting became increasingly important. This process is particularly relevant in free trade zones, where goods can be imported and then quickly reexported without incurring additional tariffs, making it a vital aspect of modern international trade.