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Unavoidably yes, the export industry is depended upon country currency. If the currency is appreciated, the export industries will lose their benefit. For example, in 2007 UK export industries lost profit nearly 2.2 million Euro after the appreciation of Euro currency. Oh man is this clear!!! If you have more hesitations e-mail me at Billnove@sidu.com
Wiki User
∙ 15y ago
Yes, appreciation of a country's currency can make its exports more expensive for foreign buyers, potentially leading to a decrease in demand for exports and a negative impact on the export industry. Conversely, depreciation can make exports cheaper and more competitive in foreign markets, boosting demand and benefiting the export industry.
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Is export growth continuing in the surgical and medical instrument industry?
in 1993, rapid expansion of global markets allowed domestic producers to sustain record export growth throughout that period.
How do you become an export broker?
To become an export broker, you typically need knowledge of international trade regulations, customs procedures, and market research skills. You may also benefit from earning a degree in international business, trade, or a related field, as well as gaining experience working in a relevant industry. Building a network of contacts in import/export industry and obtaining any required licenses or certifications can also be helpful.
How much does the house furnishings industry export?
The house furnishings industry in the United States exported around $17 billion worth of goods in 2020. Key export markets for U.S. house furnishings include Canada, Mexico, and China.
What is Export base theory?
Export base theory is an economic concept that highlights the importance of a region's export sector in driving economic growth and development. The theory suggests that focusing on exporting goods and services can lead to increased economic activity, job creation, and overall prosperity within a region. By expanding the export base, a region can attract investment, increase productivity, and improve its competitive position in the global market.
Is tourism an import or export?
Tourism is considered an export because it involves the sale of services provided to visitors from other countries who spend money in the host country. This brings in foreign currency and contributes to the local economy.
What industry benefit from appreciation of Canadian Dollar?
the bank
Appreciation of Indian rupee and its effect on IT industry?
The appreciation in Indian Rupee means less Rupees for every Dollar, naturally the IT companies who earn most of the revenue in Dollars would earn less money in Rupees which would result into decrease in their profits.
What was Americas first export industry?
Sugar...
What is Hong Kong's largest export?
The electronics industry is Hong Kong's largest export earner
Was fishing a major export industry in New England?
Fishing was indeed a major export industry in the New England colonies. This was because fishing was what these people knew how to do.
What was a major export industry in New England?
fishing
Did Britain export iron?
Yes, in the 18th century, Britain was actually known to export iron. It was Britain's major industry during this time. However, it is no longer its major industry.
How Australia make there money?
they export goods and have alot of industry
What is Greenland's main industry?
mostly the fishing industry since fish and fish products are their main export
Is there is any alternative name for export system?
International shipping industry.
A major export industry in New England?
A export is things that a place sends out to another country to make money. In New England, a major export was cattle, lumber, fish and fur.
The Pullman Strike of 1894 had the greatest effect on which industry?
It had the greatest effect on the railroad industry.
