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Import and Export

            
             Exports and imports which generally define foreign trade are the exchange of goods and services between nations and countries. .
             The term "export" means to carry out or sell abroad while as "import" is to carry in or buy from abroad. There are many reasons for exporting and importing. For example, country exports goods if it is one of the world's few suppliers, if it produces the merchandise at a lower cost than the other countries, or if its goods are in demand because of its outstanding quality. While as a country imports if it lacks that certain product such as importing coffee, or sometimes most imports purchased by countries, however, consists of goods similar to those produced locally but different in price and quality such as Italian clothes and clothes produced locally. However, we can see changes in exports and imports; this change is due to technological developments and the abolishing resources. .
             There are many attitudes towards exports and imports which may vary between approval and disapproval. For example, the popular opinion usually favors exports over imports while as economists thinks that both are equally vital and important. The former thinks that imports may lower living standards and cause many crises such as unemployment while the latter thinks that it is more efficient and economical for a nation to import from abroad goods that are either cheaper or better quality, while the nation itself works to specialize on one good that would be compatible and competitive in the world market. .
             There are many restrictions or policies imposed by governments such as export promotions or import restrictions. An example for the first is when governments promote or grant exporters cash or even exempt export industries from taxes in order to encourage exporting. While in the second case governments sometimes impose tariffs which is a tax on imports, or some countries put regulation to restrict certain imports in order to protect local productions.


Essays Related to Import and Export

1. Export Issues for U.S. Busines

Export Issues Report Importing fruits to the U.S. ... Importing meat, poultry, and egg products to the U.S. ... This allows international statistics to be kept for any type import or export product. Any country can than add an additional four digit code to the end of the universal four digit code to further define and statistically evaluate the import or export of any specific product. ... Export America. ...

  • Word Count: 981
  • Approx Pages: 4
  • Grade Level: High School

2. The Economy and Outlook

In Algeria the export of oil and gas began in 1958. ... They prohibited the import of luxury items and introduced many new taxes. ... Chief purchasers of Algeria's exports are Italy, the United States, France, the Netherlands, Belgium, and Spain; leading sources for imports are France, Italy, the United States, Germany, Spain, and Japan. ... Imports of crude petroleum from Saudi Arabia for processing at Bahrain's oil refinery account for more than one-third of Bahrain's imports. ... In the past, Syria imported considerably more than it exported each year. ...

  • Word Count: 1658
  • Approx Pages: 7
  • Grade Level: Undergraduate

3. Economic Status of Indonesia

Although the wage rates in Indonesia are high compared to other ASEAN countries like Cambodia, they are much lower then they should be, considering that Indonesia is a fast growing economy. 2.8 Gross National Product As of 2014, Indonesia's GNP reached an all time high of 714,387,330,000 IDR/ Rupiah, or $51,692,995.76, when converted into dollar. 2.9 Gross Domestic Product As of 2014, Indonesia's GDP reached 122,794,531,225 IDR/ Rupiah or $888,540,000,000, when converted into dollar. 2.10 Top Imports and Exports of the Country According to a report from 2014, Indonesia imported $4...

  • Word Count: 3383
  • Approx Pages: 14
  • Grade Level: High School

4. Petroleum- Should America Import Oil?

In 1949, we imported 645000 barrels of oil (AER,1999). ... When these facts are scrutinized, it is obvious that the U.S. is unable to become independent from oil-exporting countries. Not only has the oil importing increased, our own oil resources have become more and more depleted. ... However, there are drawbacks to importing petroleum. Importing such a precious resource leaves the U.S. at the mercy of oil exporting countries, such as those in OPEC. ...

  • Word Count: 300
  • Approx Pages: 1
  • Has Bibliography
  • Grade Level: High School

5. Is there still a case for comm

The European union (EU) is the worlds largest agricultural importer and the worlds second largest exporter. ... The EU market share world wide was 21%in 1981 and 30%in 1989, meaning that EU was becoming better in exporting against its main rival the US. ... "in 1968 the cap had to control sugar production due to excess supply and in 1970s deficiency payments for oilseeds , minimum import prices and purchasing of surpluses for fruits and vegetables and subsidies for distilling wine." ... The EU was having large problems due to the fact that imports fell domestically which means t...

  • Word Count: 921
  • Approx Pages: 4

6. Trade Protectionism and China's Export Enterprise

Thus, American people considered that China export pose an economic threat to the United States even to the world. Other countries tried to use trade protectionism to limit the export from China and boost their own economy recovery. ... China export enterprises face many difficulties as follow. 3. ... However, by cooperating with them might also bring some limitations or less freedom due to the intervention of government or other group. 3.2 Technical Barriers to Trade The second problem that China's export company's face is technical barriers to trade, which means an importing coun...

  • Word Count: 1356
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: Undergraduate

7. Macroeconomics

Financing of this Pakistani export (American import): Reduces the supply of money (demand deposits) in America Increases the supply of money in Pakistan by the amount of purchase PAKISTAN IMPORT TRANSACTION Suppose a Pakistani based firm buys 2 computers from an American company. ... The main components of the current account are: 1) Exports of goods 2) Imports of goods 3) Trade Balance 4) Exports of Services 5) Imports of Services 6) Balance on goods and Services 7) Net Investment Income 8) Transfer Payments 9) Balance on current account ...

  • Word Count: 3188
  • Approx Pages: 13
  • Grade Level: High School

8. Principles of Australian Trade

Part 3 - Australia's Main Imports Australia's two most imported goods were crude petroleum, at 20,815 million dollars, and refined petroleum, 14,328 million dollars, in 2011. ... Part 4 - Australia's Primary Trading Partners Australia's major exporting destinations reflect the goods that are being exported, with 27.3% of exports going to China, and 19.3% going to Japan in 2011. ... This agreement meant that 99 per cent of U.S manufactured goods that are imported into Australia will become duty free, making U.S imports much cheaper for Australia to invest in. ... However, wi...

  • Word Count: 1180
  • Approx Pages: 5
  • Grade Level: Undergraduate

9. How to Improve China's International Trade?

Second, perfecting the export-promoting policies. The government should perform further reform to perfect the export rebate system, simplify the export rebate procedure to the enterprises which have good will and are profitable in exporting, strengthen the electronic and net management of export, increase the rebate rate, etc. Third, improving the import management and the import structure. ... Government should encourage the import which will be in favor of export, at the same time take some forceful measures to restrict the import which will affects our domestic markets. ... Improving our...

  • Word Count: 808
  • Approx Pages: 3

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