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What are imports?

Imports are goods and services that are produced in a foreign country and bought by a country's residents.

What is the difference between imports and exports?

You and your country are the importers. The Japanese car factory and Japan itself, on the other hand, are the exporters. The opposite of imports are exports, i.e., goods for sale that came in from abroad. When a nation imports more than it exports it has a trade deficit. If exports are greater than imports, it has a trade surplus.

What are imports and exports?

Imports are the goods and services that are purchased from the rest of the world by a country’s residents, rather than buying domestically produced items. Imports lead to an outflow of funds from the country since import transactions involve payments to sellers residing in another country.

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