what is an import export business?

An import export business  (international trade) is an exchange of goods & services across international borders or territories in most countries.

Trading overseas (import and export business) gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries or goods which has lower price or better quality. It is the reason why you can pick between a Japanese, German and American car.

As a result of  Import export business , the market contains greater degree of competition and therefore the most competitive prices, which bring home a cheaper product to the consumer
. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, stocks, and currencies. And Services are also traded: tourism, consulting, banking and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import .
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Import export business including two parties to make the exchange operation globally 

• Importer, is a party who needs to purchase goods or services
• Exporter ,a party who has goods or services

If you walk into a supermarket and are able to buy South American bananas, and Brazilian coffee, you are experiencing the effects of  Import and export business . also you will aware the meaning of importing and exporting.

1. Import
Retail store owners need additional products to sell so that they making a search to find their needs from foreign manufacturers, distributors, and other suppliers.

Some Advantages of importing
• increased product selection
• lower costs (competitive)

2. Export
Manufacturers can find new customers for their products in foreign countries & ship the goods and services out of the port of a country.

Businesses export their products and services for many different reasons, but generally, the benefits that can be achieved through exporting are:

• Promote business growth
• Exploit technology and expertise
• Enhance competitiveness
• Improve return on investment

Benefits of  Import export business :

• allows countries to participate in a global economy
• Enhances the domestic competitiveness
• Takes advantage of international trade technology
• Increase sales and profits
• Extend sales potential of the existing products
• Maintain cost competitiveness in your domestic market
• Enhance potential for expansion of your business
• Gains a global market share
• Reduce dependence on existing markets
• Stabilize seasonal market fluctuations