Export and Import in Transport Company

Export vs. Import

1.Import is the formation of trade in which goods are acquired by a domestic company from other countries to sell them in the home market.

On the other hand, export implies a dealing in which a company sells goods to other countries which manufactured domestically.

2.Import is the process in which goods of the foreign country are brought to the home country, to resell them in the domestic market.

Inversely, export implies the process of sending goods from the homeland to a foreign country for selling purpose.

Main Difference

The main difference between import and export is that import refers to the purchase of the goods and services from other countries to the homeland while export refers to selling goods and services from the home country to other countries.

The main aim of import is to carry out the demand of goods and services that are lacking or not available in the domestic country while the main aim of export is to create more overseas income from the selling of domestic products and to increase the global presence of domestic products and services.

Excessive imports can hurt the domestic economy. On the other hand, excessive export can benefit the domestic economy since it increases the foreign income to the home country.