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The term import is derived from the conceptual meaning of bringing in goods and services into the port of a country. The buyer  of such goods and services is referred to an "importer" who is based in the country of import, where the overseas based seller is referred to as an "exporter".  An import is any good (e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Imported goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.

 

Imports, along with exports, form the basics of international trade. Imports of goods normally require involvement of the customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs, and trade agreements. When the "imports" are the set of goods and services imported, "Imports" also means the economic value of all goods and services that are imported. The macroeconomic variable usually stands for the value of these imports over a given period of time, usually one year.



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