EXW stands for Ex Works, which is an international trade term that describes when a seller makes a product available at a designated location, and the buyer of the product must cover the transport costs. It is one of the 11 current Incoterms (International Commercial Terms), a set of standardized international trade terms published by the International Chamber of Commerce.

Under EXW, the seller is responsible only for having the goods ready for pickup, and the buyer is responsible for loading the goods on the pickup vehicle, transportation to the port of origin, export costs and arrangements, main carriage, import costs and arrangements, and all transportation in the country of destination. Once buyers have their goods, they are responsible for other risks, such as loading them onto trucks, transferring them to a ship or plane, and meeting customs regulations.

EXW terms often result in cheaper goods, but the suppliers risk is increased as they maintain responsibility for the product for longer. It is important to establish who carries the risk/liability for loss or damage during loading.