Commodity Export

Commodity export refers to selling raw or primary products, such as oil, minerals, agricultural goods, or metals, from one country to another. These exports generate income for the exporting country and are a key part of its economy. Prices for commodities often fluctuate based on global demand, supply, and market conditions. Countries that specialize in commodity exports can benefit from resource wealth but may also face risks like price volatility or over-reliance on a limited range of products. Overall, commodity exports are vital for many economies and influence international trade and economic stability.