The import and export business involves buying goods from one country and selling them in another. It plays a crucial role in global trade, allowing businesses to access products that are unavailable or costlier in their home markets.

Types of Import and Export Businesses

1. Import Business – Bringing goods into a country for resale or use.
2. Export Business – Selling goods produced in one country to buyers in another.
3. Trading Company – Acts as an intermediary between importers and exporters.
4. Manufacturers Exporting Directly – Companies that produce goods and sell them abroad.