Question

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explain export trade and import trade....
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Answer 1

Explanation:

An export in international trade is a good or service produced in one country that is bought by someone in another country. The seller of such goods and services is an exporter; the foreign buyer is an importer. Export of goods often requires involvement of customs authorities.

Import Trade: An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority.

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Answer 2

Explanation:The main difference between import and export is that the import refers to bringing goods and services from other countries to the home country while the export refers to selling goods and services from the home country to other countries. Export and import are essential phenomena in the international economy.A high level of import indicates a robust domestic demand. A high level of export indicates trade surplus. If the import is more than export in a country, the country has a trade deficit. If the export is more the import in a country, the country has a trade surplus