What is import and export in English?

What is import and export definition?

Imports lead to an outflow of funds from the country since import transactions involve payments to sellers residing in another country. Exports are goods and services that are produced domestically, but then sold to customers residing in other countries.

What is the meaning of import and import?

1 : to bring from a foreign or external source: such as. a : to bring (something, such as merchandise) into a place or country from another country. b : to transfer (files or data) from one format to another usually within a new file. 2a : to bear or convey as meaning or portent : signify.

What mean exports?

Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.