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there's no exporting. You write everything in there format to define your infrastructure, and then terraform turns it into AWS API calls

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That makes sense.

Now, other than the portability of AWS to Azure to GCP, why do I want this?

Because with CloudFormation I can pull down and put up my “stacks” in layers and this isn’t necessarily the same as API calls (although on the backend maybe it is).

Terraform can manage much more than AWS, Azure, and GCP.[1]

[1] https://www.terraform.io/docs/providers/

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