Pronunciation: [ˈɛkspɔːt djˈuːti] (IPA) 
The spelling of the term "export duty" is straightforward, with the pronunciation also following common English sounds. The first word is pronounced with the short e sound as in "bed," while the second word has the longer o sound as in "bore." The "d" in "duty" is pronounced as a soft version of the letter, with a sound like "j" as in "judge." The term refers to a tax or fee placed on goods being shipped out of a country.
Export duty is a type of tax or fee imposed by a country's government on goods being exported out of its borders. It is a specific form of taxation that is levied on the value or quantity of the goods being exported. The purpose of an export duty is to generate revenue for the exporting country and regulate the flow of goods leaving its territory.
Export duties are commonly used by governments as a means of controlling the exportation of specific goods. These duties can be applied to various types of products or commodities, such as natural resources, manufactured goods, or agricultural products. The rate of the export duty is typically set by the government and can vary depending on the nature of the product, its value, and the prevailing economic conditions.
Export duties serve several purposes. Firstly, they act as a source of revenue for the government, helping to fund public services and infrastructure. Secondly, export duties can be used to protect domestic industries by making the cost of exporting goods higher, thus making local products more competitive in the international market. Lastly, export duties can be employed as a tool for economic regulation, helping to manage the supply and demand of specific goods and stabilize prices.
It is important to note that export duties are distinct from import duties, which are taxes imposed on goods imported into a country. While export duties are levied on goods leaving a country, import duties are applied to goods entering the country.
The word "export" comes from the Latin word "ex" meaning "out" and "portare" meaning "to carry". It originally referred to the action of carrying or sending goods out of a country for trade or sale in another country.
On the other hand, the term "duty" derives from the Latin word "dutum", which means "something owed". In the context of trade, duty refers to a tax or fee imposed by a government on the import or export of goods. It is an obligation or responsibility levied on the exported goods by the exporting country.
Therefore, the etymology of the term "export duty" combines the Latin origins of both "export" and "duty" to indicate the tax or fee imposed on goods being carried out of a country for trade purposes.
