What are goods sold to another country referred to as?

Goods sold to another country are referred to as exports. This term specifically denotes any products or commodities that are produced in one nation and then shipped to another for sale. This process plays a crucial role in international trade, as it allows countries to engage in economic exchanges and broaden their markets beyond domestic consumption.

Exports can encompass a wide range of products, from raw materials to manufactured items, and are vital for fostering economic growth and developing relationships between countries. By exporting goods, countries can increase their revenue, improve their balance of trade, and contribute to job creation within their own economies. The importance of exports is recognized in various economic theories and policies that orient towards trade expansion.

In contrast, imports refer to goods brought into a country from abroad, capital goods are significant assets used in the production of goods or services, and domestic products refer to items that are produced within the home country. Understanding these distinctions helps clarify the dynamics of international trade and the roles that countries play in the global marketplace.