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EXPORT:
"Foreign demand for goods produced by home country" The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. In International Trade, "exports" refers to selling goods and services produced in home country to other markets.
Export of commercial quantities of goods normally requires involvement of the customs authorities in both the country of export and the country of import.
Export of services consist of all services rendered by residents to nonresidents.
PROCESS:
Method of export include a product and good or information being : Mailed, Hand delivered Shipped by air
Shipped by boat
Uploaded to an internet site Downloaded from an internet site. Distribution of information by telephonic conversation and faxes.
NATIONAL REGULATIONS:
There are different regulations for different countries:
USA :
CANADA :
Strategic
Subsidies
EXPORT STRATEGY :
This is to ship commodities to other places and countries for sale or exchange. In economics, an export is any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade. ADVANTAGES: Ownership Advantage Locational Advantage Internationalization Advantage
DISADVANTAGES:
Financial management.
Customer demand.
EXPORT MANAGEMENT:
In simple terms, export management is the application of managerial process to the functional area of exports. It is a form of management which is required to bring about coordination and integration of all those involved in an export business. It is thus, concerned with securing export orders and achieving their successful completion in time as per the requirement specified by the foreign buyers.
The nature of export management can be rightly understood in the context of functional area of export and the managerial process involved in export management.
Merchandizing
Service exports
Exports
Deemed exports
Project exports
Classification of Export
Merchandise Exports Merchandise exports refer to the export of physical goods, for example, readymade garments, engineering goods, furniture, works of art etc. Service Exports Services exports refers to the export of goods that dont exist in physical form, that is, professional, technical or general services.
Project Export
Project export refers to establishment of a project by a business firm in another country. The term Project as been defined as non-routine, non-repetitive and one-off undertaking, normally with discrete time, financial and technical performance goals.
Deemed Exports
Deemed Exports refer to those transactions in which the goods are made in India, by the recipient of the goods.
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