Question

What about products imported or exported to Europe and how are they affected by the exchange rate and how does this affect your American purchasing habits?

Answer 1

export things that reflect the country's comparative advantage. Countries have comparative advantages in the commodities they have a natural ability to produce. For example, Kenya, Jamaica, and Colombia have the right climate to grow coffee. That gives their industries an edge in exporting coffee.

Most countries want to increase their exports. Their companies want to sell more. If they've sold all they can to their own country's population, then they want to sell overseas as well. The more they export, the greater their competitive advantage. They gain expertise in producing the goods and services. They also gain knowledge about how to sell to foreign markets.

the goods and services produced in one country and purchased by residents of another country. It doesn't matter what the good or service is. It doesn't matter how it is sent. It can be shipped, sent by email, or carried in personal luggage on a plane. If it is produced domestically and sold to someone in a foreign country, it is an export.

Most countries want to increase their exports. Their companies want to sell more. If they've sold all they can to their own country's population, then they want to sell overseas as well. The more they export, the greater their competitive advantage. They gain expertise in producing the goods and services. They also gain knowledge about how to sell to foreign markets.

Impact on us market

you export the product without getting the settlement, your importer may cheat you.

Transportation cost may be high on some occasions.

We can get some materials (which can’t be produced by us) only in some parts of the world. Through import, you can get those materials very easily.

Government supports the import to develop the Trade Relation.

Also important exports provide many options to buyers and it helps 2 us economy to connect with other countries to export us domestic products.