WHAT IS EXPORT TRADE?

WHAT IS EXPORT TRADE?

Export trade involves selling of goods to foreign countries. There are two types of exports;

Visible exports. This involves the export of tangible goods such as coffee, tea, textiles, machinery, and petroleum.

Invisible exports. These are services that can earn foreign exchange without the physical transfer of goods Examples of invisible exports from Kenya include Earning from tourism Remittance from expatriates abroad, Services rendered by Kenyan-owned institutions abroad eg KCB, in sudan, insurance and shipping

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