Import

[4] Import is part of the International Trade which involves buying and receiving of goods or services produced in another country.

Imports consist of transactions in goods and services to a resident of a jurisdiction (such as a nation) from non-residents.

[9] The exact definition of imports in national accounts includes and excludes specific "borderline" cases.

A general delimitation of imports in national accounts is given below: Basic trade statistics often differ in terms of definition and coverage from the requirements in the national accounts: A country has demand for an import when the price of the good (or service) on the world market is less than the price on the domestic market.

[12][13] In macroeconomic theory, the value of imports can be modeled as a function of domestic absorption (spending on everything, regardless of source) and the real exchange rate.

A retailer typically purchases products designed by local companies that can be manufactured overseas.