What are the export methods of foreign trade

There are several export methods of foreign trade, including:

Direct Exporting: This involves selling products directly to foreign customers without the use of intermediaries.

Indirect Exporting: This involves selling products to intermediaries like export houses, trading companies, or agents who then sell the products to the final customers in foreign markets.

Piggybacking: This involves a company selling its products through the distribution channels of another company.

Licensing: This involves a company licensing its technology, intellectual property, or product to a foreign company in exchange for royalty payments.

Franchising: This involves a company allowing its brand name, business model, and processes to be used by a foreign company in exchange for franchise fees and revenue sharing.

Joint Venture: This involves two or more companies from different countries partnering to set up a new business venture in a foreign market.

Contract Manufacturing: This involves a company outsourcing its manufacturing operation to a foreign partner.

Foreign Direct Investment: This involves a company establishing a subsidiary in a foreign country to produce and sell its products.

The choice of export method will depend on several factors, including the specific product, the foreign market, the company's resources, and the level of risk involved.