objectives of export trade

Objectives of export trade are:

1. Promotion and maintenance of financial balance.A country can earn valuable foreign exchange through ex­ports. The amount of foreign exchange so earned can be utilised to import goods.
2. A country may produce a commodity in such quantities that are more than its needs. The country can sell its surplus output to foreign countries. 
3.The growth of export trade creates employment opportunities for a large number of people and thus contributing towards economic development.
4.Aim of export trade is attaining specialisation because of the availability of distinct resources, culture, labour force and technical know-how, every country has a specialisation in particular types of products. Thus, countries export with an aim of attaining specialisation in the goods in which they have a superior technical know-how or the goods that can be produced only with the domestically available specific resources which are not available in other countries.

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