Import Export Trade: Get Daily Indian Customs Shipment Records

Import export are important areas of business. When a person or a company buys goods like grocery, farm produce, textile, machine parts or even crude oil from its own country and dispatches them to other countries for sale at a higher price, it is called export. When goods and raw material are brought from other countries to sell it one’s own country keeping a profit margin, it is called import.

Both kinds of trade depend on the internal productions of a country whose surplus is sold in the foreign market. A share of the profit coming from the sale of a country’s products also goes to the national treasury of the country. So both import export are important for a nation’s economy.