The demand for imports refers to the quantity of goods and services that consumers and businesses in one country are willing and able to purchase from other countries.
Related terms
Trade deficit: When a country's imports exceed its exports, resulting in a negative balance of trade.
Comparative advantage: The ability of a country to produce a good or service at a lower opportunity cost than another country.
Protectionism: Policies implemented by governments to restrict or control the importation of goods and services.