Scribd Logo
Upload

Welcome to Scribd!

  • 91 views

    Import Export: Export Involves Selling of Good and Services From The

    Uploaded by

    Abhishek Tiwari
    The document discusses import and export. Export involves selling goods and services from one country to another, while import involves purchasing foreign goods and bringing them into one's home country. There are advantages to import and export such as facilitating global trade, generating employment, and being more economical than other trade methods. The types of import include industrial goods, consumer goods, and intermediate goods and services. Export involves selling domestic goods and services abroad.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Import Export: Export Involves Selling of Good and Services From The

    Uploaded by

    Abhishek Tiwari
    91 views12 pages
    The document discusses import and export. Export involves selling goods and services from one country to another, while import involves purchasing foreign goods and bringing them into one's home country. There are advantages to import and export such as facilitating global trade, generating employment, and being more economical than other trade methods. The types of import include industrial goods, consumer goods, and intermediate goods and services. Export involves selling domestic goods and services abroad.

    Original Title

    import export

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses import and export. Export involves selling goods and services from one country to another, while import involves purchasing foreign goods and bringing them into one's home country. There are advantages to import and export such as facilitating global trade, generating employment, and being more economical than other trade methods. The types of import include industrial goods, consumer goods, and intermediate goods and services. Export involves selling domestic goods and services abroad.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    91 views12 pages

    Import Export: Export Involves Selling of Good and Services From The

    Uploaded by

    Abhishek Tiwari
    The document discusses import and export. Export involves selling goods and services from one country to another, while import involves purchasing foreign goods and bringing them into one's home country. There are advantages to import and export such as facilitating global trade, generating employment, and being more economical than other trade methods. The types of import include industrial goods, consumer goods, and intermediate goods and services. Export involves selling domestic goods and services abroad.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    IMPORT EXPORT

    Export involves selling of good and services from the


    domestic country to a foreign country.
    Whereas Import refers to purchase of foreign products
    and bringing into one’s home country.
    There are certain advantages of Import and Export :
    No nation is self sufficient, import and export are crucial
    for the growth of t he nation.
    It is one of the simplest routes to trade globally and
    import export
    generate employment opportunities as
    well.
    It is economical in terms of money and
    times and requires less investment when
    contrasted with other methods of
    entering into global trade.
    Help other countries to access the best
    technologies and products available in the
    world.
    Import Export Business
    • The Export/Import business is primarily an expansion of
    trade boundaries wherein several business models exist.
    Just like the conventional business, a person with the
    requisite Export/Import license can sell his manufactured
    goods to clients abroad, can act as an intermediary
    between the local manufacture and overseas buyer or
    vice versa, and can be directly purchasing good produced
    abroad and selling them in the native market. The export-
    import business becomes unique with the involvement of
    various stakeholders and risks, which do not come into
    picture with domestic trade.
    Import
    • An import is a good brought into a
    jurisdiction, especially across a 
    national border, from an external source. The
    party bringing in the good is called
    an importer.[1][2] An import in the receiving
    country is an export from the sending country.
    Importation and exportation are the defining 
    financial transactions of international trade.
    Types of import

    • There are two basic types of import:


    • 1-Industrial and consumer goods
    • 2-Intermediate goods and services
    • Companies import goods and services to supply
    to the domestic market at a cheaper price and
    better quality than competing goods
    manufactured in the domestic market.
    Companies import products that are not
    available in the local market.
    Export
    • An export in international trade is a good or 
    service produced in one country that is bought
    by someone in another country. The seller of
    such goods and services is an exporter; the
    foreign buyer is an importer.
    Process

    • Methods of exporting a product or good or


    information include mail, hand delivery, air
    shipping, shipping by vessel, uploading to an
    internet site, or downloading from an internet
    site. Exports also include distribution of
    information sent as email, an email
    attachment, fax or in a telephone
    conversation.
    Advantages of exporting

    • Exporting has two distinct advantages. First, it


    avoids the often substantial cost of
    establishing manufacturing operations in the
    host country.[7]
    • Second, exporting may help a company
    achieve experience curve effects and 
    location economies.
    Disadvantages of exporting

    • Exporting from the firm's home base may not be appropriate


    if lower-cost locations for manufacturing the product can be
    found abroad. It may be preferable to manufacture where
    conditions are most favorable to value creation, and to
    export to the rest of the world from that location.[]
    • A second drawback to exporting, is that high transport cost
    can make exporting uneconomical, particularly for bulk
    products. One way to fix this, is to manufacture bulk
    products regionally.[
    • Another drawback, is that high tariff barriers can make
    exporting uneconomical and very risky
    ADVANTAGE OF IMPORT
    • Reduce dependence on existing market
    • Exploit international international trade
    technology
    • Extend sales potential of existing products
    Disadvantages of import
    • It leads to excessive competition
    • It also increase risk of other diseases from
    which the country is exporting the goods
    • Importation of items from others countries
    can increase the risk the risk of getting them
    which is no more common in the warm
    weather
    Customs duty
    • Customs Duty is a tariff or tax imposed on
    goods when transported across international
    borders. The purpose of Customs Duty is to
    protect each country's economy, residents,
    jobs, environment, etc., by controlling the flow
    of goods, especially restrictive and prohibited
    goods, into and out of the country

    You might also like