The term import is derived from the conceptual meaning as to bring in the goods and services into the

port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import Thus an import is any good (e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country. Imports, along with exports, form the basis of international trade. International trade is the exchange of capital, goods, and services across international borders or territories. Import of goods normally requires involvement of the customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements. a contract/agreement/pact between two or more nations that outlines how they will work together to ensure mutual benefit in the field of trade and investment. An import quota is a limit on the quantity of a good that can be produced abroad and sold domestically. Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country Customs duties- In economics, a duty is a kind of tax, often associated with customs, a payment due to the revenue of a state, levied by force of law. It is a tax on certain items purchased abroad. A tariff is either (1) a tax on imports or exports (trade tariff) in and out of a country A tariff is another word for a tax. Usually a country will impose a tariff on another country's imports to keep protect their own companies from lower priced foreign products.

This term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer" Whereas the overseas based seller is referred to as an "exporter" / refers to selling goods and services produced in the home country to other markets. Export goods or services are provided to foreign consumers by domestic producers. "Foreign demand for goods produced by home country"