Import/Export Operations

Import/export operations involve the buying and selling of goods and services across international borders. When a country imports, it brings in products from another country, often to meet local demand or fill gaps in supply. Conversely, exporting is selling domestically produced goods to foreign markets. These operations are crucial for global trade, as they allow countries to access resources, technology, and markets that they may not have locally. Effective management of these operations includes understanding regulations, tariffs, and logistics, ensuring that trade benefits economies while promoting sustainable development.