What is export and import? | 09127383349
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Export in the literal sense means transferring and sending a good or service from one country to another and import means importing goods and services needed by a country, which is carried out through official and customs routes between countries. so the seller of goods or services is called an “exporter” and the buyer of these goods and services is called an “importer”. This transfer will satisfy the needs of both countries. Among the advantages of exporting, production costs are reduced, it will cause competition between different companies and will cause economic growth.
The export and sale of goods in foreign markets is highly sensitive, and not paying attention to this issue causes human and financial investments to be wasted. Our experts at Khadim Logistics International Company attach importance to the issue of export and import like any other business and we believe that it requires foresight and planning.
Differences between export and import
The differences between export and import are created from their definition and nature. According to what has been said, by now you should have understood the differences between export and import. Here we mention the most important of them;
The definitions show the simplest and main differences between export and import. As mentioned, import means that a country buys goods and services from other countries for domestic use or sale in the domestic market, while export means that a country sells its goods and services to other countries.
The import of goods and services is done to meet the country’s needs, but the export of goods and services is formed to be present in the world market.
One of the most important differences between export and import is its financial issue; High exports will be beneficial for a country’s economy.
High imports indicate high demand in the country, but high exports indicate a trade surplus in a country.
Import is a cost for the country, but the country earns through exports.
Export and import regulations
Knowledge of export and import regulations and clauses and notes and how to implement and accept responsibilities is necessary and necessary for all exporters and importers. In addition, the government can prevent the entry or exit of some goods according to the terms and conditions. The regulations established for the export and import of goods include three categories of goods, which are:
Conditional goods: There are goods that require a license to import or export.
Prohibited goods: There are goods whose import or export is legally prohibited.
Permitted goods: There are goods that do not need a license in compliance with the rules and regulations of export and import.
In addition, exports and imports require a commercial card, which must be obtained through the Chamber of Commerce.
Import and export concepts, processes and differences are important in all countries. Countries should export the goods they can produce and import products to meet the country’s needs. In order to have a growing economy, every country should have more production and export in its agenda than imports.
For more information and free consultation, contact 09127383349 or email address Sales@khadem-logistics.com.