Eli5: What does exporting intellectual property mean?

Question

Eli5: What does exporting intellectual property mean?

In: Economics

Answer 1

Intellectual Property is anything made by someone’s intellect, usually ranging from art to blueprints.

So it could be like a novel to be printed there, or the patents for a new dishwasher to be sold manufactured and sold there, it’s exporting things that aren’t the material object but rather what you need the rights to to make the material object.