Import or export, both involves sale or purchase of goods and services. In case of import, it involves a purchase transaction where, say our country, can import goods, technology and services from another country with or without bilateral terms. Export is just the other way around. For a country which exports more than she imports, it results in accumulation of foreign exchange reserves. Imports on the other had results in drainage of foreign exchange reserves. The difference between these two, that is import and export over a period of time is taken into account to reckon the balance of payment.
Import is when you get your goods from a different country.Export is when you send your goods to another country.
Well you see now... Import means to take in, and export means to put out.
Import is bringing it in export is getting rid of it
Import = buy goods in from another countryExport = sell goods out to other countries
