Why Export?

In most countries the domestic markets offer limited opportunities, and as economic theories and market access have evolved over the years, the concept and practice of exporting has become a common strategy used to find new overseas markets and increase profitability local products.

Export is the provision of goods, services or knowledge across national and international boundaries. For export to take place there must be a demand for the product/services and an adequate supply to fulfil that demand. For export to take place the exporter must have a willing buyer in the international or global market place.

Exportable products include goods, services and intellectual property. A product does not need to physically leave Barbados to be considered an export, as long as it is earning foreign exchange. For example, in-bound tourism, education and intellectual property.

Exporting benefits the economy and workers. Research shows that employers who export are able to provide more jobs ...