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What is an import?

Updated: 12/8/2022
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Wiki User

10y ago

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An import is any good or service brought in from one country to Another Country for sale. This can be through many means of transportation for instance through a port, airport or postage.

The buyer of such goods and services is referred to as an 'importer' who is based in the country of import, whereas the overseas based buyer is referred to as an 'exporter.' The buying of such goods and services can be referred to as a 'leakage' to a country's economic income, as it is where a country is spending money into a foreign country's economy.

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Reta Haley

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2y ago
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Elissa Gutmann

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2y ago

Important needs are food, water, shelter, and clothing.

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Wiki User

10y ago

An import is any good or service brought in from one country to Another Country for sale. This can be through many means of transportation for instance through a port, airport or postage.

The buyer of such goods and services is referred to as an 'importer' who is based in the country of import, whereas the overseas based buyer is referred to as an 'exporter.' The buying of such goods and services can be referred to as a 'leakage' to a country's economic income, as it is where a country is spending money into a foreign country's economy.

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