Which country earns the most from exports?

Export - industry information

This branch deals with the sale of goods abroad. It operates companies that produce wholly or partially for the international market and also distributors who sell the goods abroad. Export is an important factor in an economy. It brings a country income and of course international contacts and connections.

Mostly local goods are exported abroad. The best known here is certainly the execution of motor vehicles and machines from well-known manufacturers. In order for these goods to get to other countries at all, transport and logistics are necessary. Forwarding agents and transport companies are also included in this sector. In addition to transporting goods by truck, ship, train or plane, logisticians also have to handle some of the customs formalities. The freight must be clearly marked and for the payment of any customs and import fees as well as the necessary permits must be available and with the load. Exporting companies and logisticians work closely together to ensure that these things run smoothly.

The logistics companies are familiar with processes at the borders and can advise the entrepreneurs on product labeling and timing. Many transports are handled “just in time”, that is, just in time. If, for example, a component is delayed, it costs the company that needs the part a lot of money and ultimately also the supplier. Therefore, information such as waiting times at the borders or special formalities that have to be observed for fast processing are of the greatest importance.

The export continues to boom:

Not only goods, but also raw materials and food are exported. For example, Germany sells iron and steel abroad, but also grain, fruit and vegetables, and meat. Special conditions apply here when exporting. Cold chains must be adhered to, and it must be taken into account which goods may or may not be imported into a particular country. The export of raw materials also includes oil and gas. The countries that export these raw materials have a particular impact on the economy. If, for example, an Arab country cuts oil exports, gasoline prices in the buyer countries rise. Heating costs also rise if a country suddenly cuts its gas exports. Such actions have an impact on the entire world economy. Therefore, export is often enough also a subject of politics. Countries that have very sought-after raw materials are able to dictate the price on the world market through export rates.

Some companies specialize in import and export business. They import goods from one country and sell them on to another. In this way, goods and money can also flow between countries that are not directly involved in trade.

One often hears the term “embargo” in world trade policy. This means that trading with a country is prohibited. Such an embargo can either mean that certain goods may not be purchased from the country, or that the export of goods to this country is prohibited. Such trade restrictions always hit an economy hard, and are therefore used as a means of political pressure.