Back to glossary

Import

Import is a term from the field of economics that refers to the importation of goods or services into the territory of a given state from other countries, most often because the state does not have these commodities at its disposal. If import is larger than export, the country's gross domestic product (GDP) does not grow and represents a negative phenomenon. Therefore, governments should try to balance the situation so that countries have an active trade balance and export always exceeds import.

Didn't find the answer?

Write to us

Live chat

Our robo-colleague ZET will advise you

Write to us

Live chat

Our robo-colleague ZET will advise you