export tax

Overseas shipping charge

An export tax is a duty imposed by a government on goods leaving the country, typically levied to generate revenue, discourage the export of certain commodities, or keep domestic supplies plentiful and prices low.

Countries rich in natural resources sometimes use export taxes to encourage local processing rather than shipping raw materials abroad.

The export tax on timber was designed to protect domestic lumber mills.

Opposites
direction of trade flow

export taximport tax

Levy on incoming goods

import tariff · import duty · customs duty · import fee

trade policy effect

export taxdrawback

Unfavorable feature or flaw

free trade

Family

tax, export

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G