Question

Export order and Import order

29 Aug 2017
Answer :
Word Count : 398

Import and export are terms that are commonly heard in international trade and these are activities that are carried out by all countries of the world. In general, import refers to an item coming inside a country from any other country while export refers to an item going out of the country to any other country of the world. Since no country in the world is self sufficient, all countries both import as well as export.

If a country is rich in a particular ore as it has natural reserves of that ore in the form of mines, the country can export that ore to other countries of the world. This is particularly true of oil producing countries that are exporters of crude oil. However, all such countries are dependent on other countries for many other products and services which is why they need to import such

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