Export covers the sale of products and services to foreign countries. Read about the differences, export within and outside the EU, and how to get started.
What is an export?
Export is a widely used term in the trading world and refers to the sale of goods, products, and services to foreign countries.
When a retailer sells their products to, for example, Germany, it is considered an export. Conversely, the German buyer would import the goods from Denmark.
The relationship between import and export is closely related to the roles of buyer and seller.
Export is a commonly used term in both micro and macroeconomics. When an international company sells products to foreign countries, the term is used to describe the specific trade relationship between the two companies.
However, the term is also used in macroeconomics to describe a country’s trade activities outside of the country.
What is an export market?
An export market is a market that is particularly large and important for a company’s or country’s exports.
It describes where an actor exports goods or services.
Denmark, Germany, Sweden, and the United Kingdom are particularly large export markets.
Denmark exports large quantities of food, wind technology, and design products, and this export is important for the national economy.
However, export markets can also be discussed at the company level.
Do you want to export your goods and products?
Are you considering expanding abroad and starting to export your goods and services?
There are several things you need to be aware of, as there are rules and requirements that depend on the country you want to export to.
Export within the EU
When trading within the EU, there is no import or export of goods, but rather the delivery of goods.
However, the term import is still used in everyday language.
The EU has trade agreements with other European countries that allow goods to be freely sent within the EU without additional costs and restrictions, known as the free movement of goods.
No permission is required to export products within the EU.
Several carriers export from Denmark to other EU countries.
For example, if you need to send from Denmark to countries like Sweden, the Netherlands, Germany, or Italy, you can use Shipmondo’s shipping agreements with DHL Express, UPS, and PostNord directly on your Shipmondo account.
Then you can use these on your Shipmondo account to export from Denmark to countries like Sweden, France, Austria, and Spain, among others.
All you have to do is create a free account with Shipmondo, and you’re ready to go.
Export outside the EU
If you need to export to countries outside the EU, also known as third countries, all goods must be declared on an export declaration.
When goods are exported from the EU, they can be sold and shipped without VAT.
For example, if you need to send to Norway, you can register in the VOEC scheme, which is a simplified registration and reporting system.
Due to Brexit, the United Kingdom is no longer part of the EU, which means that all packages shipped from the EU to the UK and vice versa must be cleared in customs.
In Shipmondo, you can create shipping templates and save your customs information so that they are pre-filled in the future. This way, you automate your customs process.
Additionally, you can send paperless with several carriers when shipping outside the EU, where your commercial invoices, pro forma invoices, and product information are sent electronically and automatically to the appropriate customs authorities.
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