Imports

     The term import is derived from the conceptual meaning of introducing goods and services in the port of a country. The buyer of such goods and services is known as " importer " who is based in the country of import , while the seller based abroad is known as " exporter" .

   In other words, an import is any good (eg commodity ) or service brought from a foreign country in a legitimate way usually for commercial use . The goods or services are provided to import domestic consumers by foreign producers. An import in the receiving country is an export to the home country.


    Imports , along with exports , form the basis of international trade. Import of goods normally requires involvement of customs , both in the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements. The macroeconomic variables referred to as "imports" usually represent the economic value of all imported goods and services as a whole for a certain period of time, usually one year.

    Import Types

There are two basic types of import :

* Goods and services of consumer and industrial
* Intermediate Goods and Services

   In theory , companies importing goods and services supplied to the domestic market at a cheaper and / or better quality than products made by domestic competition price. Or import companies supplying the market products that are not available in the local market .

There are three broad types of importers :

* Those seeking any product worldwide to import and sell .

* Those seeking foreign sources for their products at a cheaper price.

* Those who use foreign sourcing as part of their supply chain .

  Direct import refers to a type of import between a retailer and a manufacturer overseas. A retailer typically purchases products manufactured (or imported ) by local businesses. In a direct import program , the retailer bypasses the local supplier ( broker ) and buy the finished product from the manufacturer , possibly saving additional costs. This type of business is fairly recent and follows the trends of the world economy .