Import Export Trade

Import-export trade refers to the buying and selling of goods and services between countries. Importing involves bringing products into a country from abroad, while exporting means sending domestic products to international markets. This trade allows nations to access goods they cannot produce efficiently or at all, promotes economic growth, and fosters global relationships. Import-export activities are affected by tariffs, trade agreements, and regulations, which can influence pricing and availability of products. Together, they play a crucial role in the global economy, supporting jobs and providing consumers with a wider variety of choices.