Export & Import
An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority.
Import trade refers to the purchase of goods from the foreign country. The procedure for import trade differs from country to country, depending upon the import policy, the statutory requirements and customs of different countries. In almost all the countries of the world import trade is controlled by the government Imports are the products shipped into our country from other places. We import Japanese autos and export our pop music to Tokyo. Import also means to signify something. ... The ratio of imports to exports is a big indicator of the health of a nation's economy.