Import and Export

Import and export are fundamental components of international trade, involving the movement of goods and services across national borders.

Import

Import refers to the process of bringing goods or services into a country from abroad for use, sale, or distribution. Importing goods allows countries to acquire products that are not produced domestically or to supplement domestic production with foreign goods.

Export

Export refers to the process of selling goods or services produced domestically to foreign markets for consumption, resale, or further processing. Exporting allows countries to generate revenue, expand market opportunities, and utilize surplus production capacity.