Trade glossary · Incoterms 2020

EXW (Ex Works)

An Incoterms 2020 rule where the seller makes the goods available at their own premises and the buyer bears all costs and risk from that point, including loading and export clearance. It places the least obligation on the seller.

Go deeper on trade mechanics in the Commodity Plus Academy — free courses on export readiness, trade finance, and Incoterms.

← All glossary terms