Reexporting: meaning, definitions and examples
📦
reexporting
[ riːˈɛkspɔːrtɪŋ ]
business activity
Reexporting refers to the process of exporting goods that have already been imported, often without any significant transformation. This practice is common in international trade and can involve various circumstances, such as companies importing products to then sell them in another market. Reexportation can serve as a means to facilitate trade between countries, especially when tariffs or trade agreements are involved. It allows traders to optimize logistics and exploit market demand effectively.
Synonyms
exporting again, redistributing, reselling.
Examples of usage
- The company specializes in reexporting electronics to emerging markets.
- After importing the textiles, the manufacturer focused on reexporting to neighboring countries.
- Reexporting can help to avoid hefty tariffs imposed on imported goods.
- Many small businesses engage in reexporting to expand their market reach.
Translations
Translations of the word "reexporting" in other languages:
🇵🇹 reexportação
🇮🇳 पुनः निर्यात
🇩🇪 Reexport
🇮🇩 re-ekspor
🇺🇦 реекспорт
🇵🇱 reeksport
🇯🇵 再輸出
🇫🇷 réexportation
🇪🇸 reeexportación
🇹🇷 yeniden ihracat
🇰🇷 재수출
🇸🇦 إعادة تصدير
🇨🇿 reesport
🇸🇰 reexport
🇨🇳 再出口
🇸🇮 reeksport
🇮🇸 endurreksport
🇰🇿 қайта экспорттау
🇬🇪 რეექსპორტი
🇦🇿 təkrar ixrac
🇲🇽 reeexportación
Etymology
The term 'reexporting' combines the prefix 're-' which originates from Latin, meaning 'again' or 'back', with the word 'export', which comes from the Latin 'exportare', meaning 'to carry out'. This concept of reexporting has its roots in trade practices that have been prevalent for centuries, as merchant traders often moved goods across borders. The rise of globalization and the intricate networks of trade that emerged in the 20th century further expanded the relevance of reexporting in the modern economy. It allows for flexible trade practices and efficient resource allocation in a globalized market. As international trade regulations have evolved, reexporting has gained importance in strategically navigating tariffs and restrictions, making it a critical aspect of contemporary supply chain management.