It is a right to stop others from making, using or selling - any one of these. Thus, even if an infringer were to make the invention in a foreign country, he could not sell it in the USA. Similarly, it is still an infringement if the invention is made in this country but exported immediately, or if a person buys the invention overseas and uses it in the USA for their own use - there is no "personal use" exception for patent infringement.

There is no equivalent law for patents to the U.S. fair use clause which applies to copyright. Other countries have a patent law with similar applications, but there is no provision that allows a general exemption from liability when using a patent without obtaining a license from the patent holder.

... a patent provides the right to exclude others[14] from making, using, selling, offering for sale, or importing the patented invention for the term of the patent...