An entity that brings goods or services into a country from another is a key player in international trade. This entity, often a business, organization, or even an individual, facilitates the flow of products across borders for resale, distribution, or use in local production. For example, a company that purchases textiles manufactured in India for distribution to clothing retailers in the United States is engaged in importation.
The activity significantly impacts economies by enabling access to a wider variety of goods than may be available domestically. This access can lead to lower prices for consumers, stimulate competition among local producers, and provide businesses with access to specialized materials and components necessary for innovation and growth. Historically, the practice has driven economic development and cultural exchange across continents, shaping global markets and influencing trade policies.
