Import/export refers to the process of buying and selling goods and services between countries. When a country imports, it brings in products from another country to meet local demand. This can include anything from electronics to food items. On the other hand, exporting involves sending domestic products to foreign markets. Businesses often export to expand their market reach and increase sales. Both activities are essential for global trade, helping countries access resources and products that may not be available locally, while also boosting their economies.