example of Import Trade
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Explanation:
A good can be considered an import if ownership changes even if the good doesn't cross a border. For example, a Canadian who buys a car in Florida for their winter home.
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Countries have to depend on trades for certain goods which their country has a deficit of. For example, India gets its crude oil from Middle-East countries like Iraq, Saudi Arabia. Similarly, almost half of the electronic goods imported to India are from China.
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