Imports

Definition

Imports refer to goods and products that are brought into a country from another country for the purpose of selling or consuming.

Related terms

Exports: Exports are goods and products that are produced within a country and then sold to other countries.

Tariffs: Tariffs are taxes imposed on imported goods by the government in order to protect domestic industries.

Trade Deficit: Trade deficit occurs when a country's imports exceed its exports, resulting in an imbalance in international trade.