Exports

Definition

Exports. It refers to all products leaving a country that are properly cleared by customs.

A component of final uses that measures goods and services that are produced in the United States and sold to the foreign sector. They are valued at f.a.s. (free alongside ship), which is equivalent to purchasers’ value at the U.S. port of export. The definition of exports in the U.S. international transactions accounts differs slightly from that in the NIPAs and I-O accounts, primarily in the treatment of trade in nonmonetary gold and of trade involving U.S. territories.