What is Import and Export?

  • IMPORT:

The process of bringing in the goods or raw material from abroad for the purpose of trade is called Imports of goods. The goods can be received by any individuals, companies and government for the purpose of reselling or making the final product from and the selling it to the final customers.

  • EXPORT:

The process of sending the goods or raw material to abroad for the purpose of selling it or making the final product and then making it reach the final consumer if called Export of goods. The goods can be sent by any individuals, companies and government for the purpose of trade.

1 thought on “What is Import and Export?”

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top