What is import and example?

What is the example of import and export?

An export is the sale of goods to a foreign country, while an import is the purchase of foreign manufactured goods in the buyer's domestic market. Ellen's country has successfully exported its tablets all over the world, including Canada, Mexico, the European Union, Australia and several countries in Asia.

What is import explain?

An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country's imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit.

What is example of import trade?

For example, India gets its crude oil from Middle-East countries like Iraq, Saudi Arabia. Similarly, almost half of the electronic goods imported to India are from China.

What is an example of import in a sentence?

Import sentence example. He worked well whatever the import of his work. Since 1895, however, the heavy import corn duty has caused a slight rise in the income from corn lands. The import of Katie's words struck with a vengeance.