The life of the law has not been logic; it has been experience.

✨ Enjoy an ad-free experience with LSD+

Legal Definitions - export

LSDefine

Definition of export

The term "export" refers to the act of sending goods or services produced in one country to another country for sale or trade. It can also refer to the specific goods or services themselves that are sent abroad. Essentially, when something is made or developed domestically and then leaves the country's borders to be sold or used elsewhere, it is considered an export.

  • Example 1 (Physical Goods): A company in Germany manufactures high-precision industrial machinery. When they sell and ship these machines to a factory located in Brazil, those machines are considered exports from Germany.

    Explanation: This illustrates "export" as both the physical product (the machinery) and the act of sending it from Germany to Brazil for commercial purposes.

  • Example 2 (Services): A design studio based in Canada specializes in creating architectural blueprints and 3D renderings. If a client in Australia hires this Canadian studio to design a new commercial building, the architectural design services provided by the Canadian studio to the Australian client are an export from Canada.

    Explanation: Here, "export" applies to an intangible service, demonstrating that not only physical goods but also professional services can be sent across international borders.

  • Example 3 (Digital Goods/Software): A software company in India develops a popular mobile application for language learning. When users in the United States download and purchase a premium subscription for this app, the software and its associated services are considered exports from India.

    Explanation: This example shows how digital products, even without physical shipment, are considered exports when they are developed in one country and sold to consumers or businesses in another.

Simple Definition

Export refers to the act of sending goods or services from one country to another for trade. It also describes the specific products or services that are transported out of their country of origin to another nation.

Study hard, for the well is deep, and our brains are shallow.

✨ Enjoy an ad-free experience with LSD+