Major Exporters

Definition

Major exporters refer to countries that have significant economic reliance on selling goods or commodities abroad rather than primarily for domestic consumption.

Related terms

Balance of Trade: Balance of trade is the difference between a country's total exports and imports of goods during a specific period.

Commodity: A commodity is a raw material or primary agricultural product that can be bought and sold, such as oil, gold, or wheat.

Export-oriented Industrialization: Export-oriented industrialization refers to a strategy where countries emphasize manufacturing goods primarily for export to generate economic growth.