Import

An import is a good or service brought into one country from another. The word “import” derives from the word “port” since goods are often shipped via boat to foreign countries. Along with exports, imports form the backbone of international trade. If the value of a country’s imports exceeds the value of its exports, the country has a negative balance of trade (BOT), also known as a trade deficit—Read more at Investopedia. Segal, Troy. “Import Definition.” 30 April 2019