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import

Also known as importing

thumb|Geiger-cars, which imports cars from North America to Europe, is called an importer. Import is the activity within international trade which involves buying and receiving goods and services produced in another country. An importer is a person, organization or country receiving imported goods which have been exported from another country. Importation and exportation are the defining financial transactions of international trade. The seller of such goods and services is called an exporter.

AI overview

Import is the activity of buying and receiving goods and services that are produced in another country. It matters because importation and exportation are the fundamental financial transactions that make international trade possible.

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Commons category: Imports

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~8 min read

Article

9 sections

Contents

Definition
Scale
Balance of trade
Types of import
Import of goods
Import bans
See also
References
External links

In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions.