Import

What is Import?

An import is the process of receiving or bringing in goods from abroad for the purpose of trade. These goods can be received by individuals, companies or government, and are used for the processing of other products or to be resold to the final consumers.

However, if goods are sent from one country to the other, this process is known as export.

The process of making a cross-border purchase of goods or services from one country into the other is referred to as import.