What is import and export option?

What is meant by import and export?

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 import option?

Import options specify the conditions for importing data into an environment from uploaded files and snapshots.

What is export option?

The Export Options dialog box lets you set defaults for exporting reports in CSV file format, Excel, plain text, or HTML.

What is import and export with example?

Exporting is defined as the sale of products and services in foreign countries that are sourced or made in the home country. Importing is the flipside of exporting. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.