What Is a Foreign Export?

Export trade, also known as export trade, refers to the export of goods produced or processed in the country to overseas markets. Commodities imported from overseas regions are not consumed in the country, and they are exported again without being processed in the country. This is called Re-Export Trade.

Export trade

Export trade
General process
transaction
ready
Trade methods refer to the various methods used in international trade. With the development of international trade, trade methods have become increasingly diversified. Except for
The export trade business refers to the business in which foreign trade enterprises organize the sale of industrial and agricultural products on the international market and obtain foreign exchange. It is an important business for foreign trade companies. Commodity export receipts are the main source of China s foreign exchange earnings. They have created conditions for importing advanced production equipment required by China s economic development and products used to meet people s living standards.
A country's import trade and export trade are complementary. Without export trade, there is no import trade. Export trade is greater than import trade, and foreign exchange receipts and payments show a surplus, which constitutes the source of foreign exchange reserves, and it marks a country's ability to pay and economic strength.
Foreign trade enterprises should actively expand export trade business and strengthen the accounting and management of export trade business. This is important for closer international division of labor and cooperation, expansion of employment opportunities, safe and timely receipt of foreign exchange, reduction of export costs, improvement of people's living standards, and acceleration of the national economy. And development are of great significance. [2]

The rise of new industries in export trade

The rise of e-commerce
Electronic commerce (Electronic Business or Electronic Commerce) is a new business model that emerged globally in 2008. At this time, e-commerce has two meanings: In a narrow sense, e-commerce generally refers to business transactions based on data processing and transmission through open networks, including transactions between enterprises and enterprises, and between enterprises and consumers.
In a broad sense, e-commerce refers to the integrated electronic operation of the entire business activities of the Internet (internet), intranet (enterprise intranet), extranet (enterprise extranet) and related fields.
Second, online trade
Internet trade is one of the important components of e-commerce. It refers to direct online transactions (Trade on Line) based on the network platform, and uses digital technology to organically connect relevant departments such as enterprises, customs, transportation, finance, commodity inspection and tax Together, it can automate all or part of the business from browsing, negotiating, signing, delivering to paying.
Broad-based online trade mainly includes two types of Internet trade and EDI paperless trade, while narrow-line online trade refers only to Internet trade. The development and application of electronic data interchange (EDI) technology is relatively early, but it is a closed system, expensive, complicated technical standards, and lack of versatility. So far, the development of EDI paperless trade is still relatively slow. The Internet is an open network system. It has a unified protocol standard, low communication costs, and can better meet the needs of the growing market. In comparison, Internet trade will be the mainstream direction of the future development of online trade.

Impact of new industries in export trade

Impact of e-commerce and online trade on international trade:
The rise of e-commerce and online trade is a profound commercial revolution in the field of international trade. With the advent of the new century, human society is about to enter the era of knowledge economy.

IN OTHER LANGUAGES

Was this article helpful? Thanks for the feedback Thanks for the feedback

How can we help? How can we help?