Exports are goods and services produced in one country and sold to buyers in other countries, such as individuals, businesses, or governments. They act as an injection of money into the local economy, helping to grow national income.

Key features of exports:

• They increase aggregate demand, which is the total spending in an economy.
• They bring foreign money into the country, supporting local production and job creation.
• Their success depends on factors like foreign income levels, trade barriers, and the competitiveness of domestic products.
• They are affected by the exchange rate; when a local currency becomes weaker, exports often become cheaper and more attractive to foreign buyers.
• They play a key role in export-led growth, a strategy where a country focuses on selling goods abroad to boost its overall economic health.