What does the term 'exporting' specifically refer to in international business?

The term 'exporting' in international business specifically refers to the sales of products that are produced in one country and sold to customers in a different country. This process involves a manufacturer in one nation sending goods to another nation for sale. Exporting is a crucial aspect of international trade, as it allows companies to expand their markets beyond domestic borders and increases their potential customer base.

The concept of exporting encompasses a variety of activities, including the logistics of transporting goods, compliance with international trade regulations, and understanding foreign market conditions. It plays an essential role in the global economy by facilitating the exchange of goods and promoting economic relations between countries.