Export-Import
Export-Import refers to the process of selling goods and services to other countries (export) and buying goods and services from other countries (import). This trade helps countries access products they may not produce locally, fostering economic growth and international relationships.
Countries engage in export-import activities to balance their economies, create jobs, and enhance consumer choices. For example, a country might export electronics while importing agricultural products. This exchange allows nations to specialize in what they do best, ultimately benefiting consumers and businesses worldwide.