Difference between exports and re-exports
What does the term Exports mean? What is Re Exports? How to differentiate between re exports and exports?
What does Export mean?
In a simple language, exports mean movement of goods out of a country.
I have written a detailed article and redefined exports and imports in this website. You can go through the same to have a good idea of the meaning of exports and exports in simple and easy to understand.
Here, let us discuss the difference between exports and re exports.
I will explain the difference between re exports and exports in a simple language to make you easy to understand.
If you categories exports as ‘export of domestic goods’ and export of ‘foreign goods’, the difference between export and re export makes easier to follow. In simple terms, exports mean export of domestic goods moved out to a foreign country. Re-exports means export of foreign goods which already imported to the country from a foreign country.
Let me simplify once again about exports and re exports below.
If any goods manufactured within the country which moves outside the country, such movement of goods are called ‘exports’. However, if any goods already imported in to a country and the same goods are again exported to either to same country or to some other country, such movement of goods is called ‘Re export’.
I hope, you have a good idea about the difference between exports and re exports in international trade.
Have you satisfied with this article about difference between re exports and exports in import and export trade?
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The above information is a part of Export import business Course online
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