Imports and exports play an important role in the global economy by facilitating international trade. The import process involves bringing goods or services from a foreign country to your home country, while exporting involves shipping goods or services from your home country to a foreign destination.

Both import and export activities provide significant benefits to businesses, consumers and countries as a whole. For businesses, imports allow them to access raw materials, products and services that are not readily available in their home countries, while exports allow them to enter new markets and increase their customer base.

For consumers, imports provide access to a wider range of products and services at competitive prices, while exports create income and employment in their home countries. Countries benefit from import/export activities by accessing foreign resources.