Exporters
Exporters are businesses or individuals that sell goods or services to customers in other countries. They are responsible for finding buyers in foreign markets, negotiating prices, and arranging for the goods or services to be shipped. Exporters must be knowledgeable about international trade regulations, foreign currencies, and the customs of the countries they are dealing with. They must also be familiar with the laws and regulations of their own country.
History of Exporters
Exporting has been around since ancient times, when merchants would travel to distant lands to trade goods. In the modern era, international trade has become much more complex, with the emergence of global markets and the development of sophisticated shipping and logistics networks. Exporters have become increasingly important in the global economy, as they are responsible for connecting buyers and sellers from different countries.
In the United States, the Export-Import Bank of the United States (Ex-Im Bank) was established in 1934 to help finance exports. The Ex-Im Bank provides loans, guarantees, and insurance to exporters, helping them to compete in the global marketplace. The Ex-Im Bank also provides assistance to foreign buyers of U.S. goods and services.
Comparison Table
| Country | Exports (in billions of US$) |
|---|---|
| United States | 2,500 |
| China | 2,100 |
| Germany | 1,400 |
| Japan | 700 |
| United Kingdom | 500 |
Summary
Exporters are businesses or individuals that sell goods or services to customers in other countries. They are responsible for finding buyers in foreign markets, negotiating prices, and arranging for the goods or services to be shipped. Exporters must be knowledgeable about international trade regulations, foreign currencies, and the customs of the countries they are dealing with. For more information about exporters, visit the websites of the Export-Import Bank of the United States, the World Trade Organization, and the International Trade Centre.
See Also
- Importers
- International Trade
- Export-Import Bank of the United States
- World Trade Organization
- International Trade Centre
- Tariffs
- Quotas
- Subsidies
- Currency Exchange Rates
- Customs Regulations
