Why Import
However, this is not the only benefit of importing; there are many more to consider. Here are some of them.
When people talk about importing in terms of trade, they refer to purchasing products or services from another country. These products or services are then offered to customers by the importing business or individual, broadening their choice of purchase.
If you want to remain competitive in domestic markets, the answer is often found in developing close business relationships with offshore exporters. Importing certain goods or raw materials from a foreign market may give your company the ability to manufacture higher-quality products and make more money while doing so. By focusing on attaining the benefits outlined above, your company stays growth-oriented and competitive throughout even the most trying economic times.
Introduce new Products to the Market.
Some times cost of importing is lower than the cost of manufacturing.
Meeting customer demand.
Quality of the product is better when imported
Sourcing products that don’t exist in the country’s borders.
In most countries, international trade and importing goods represents a significant share of the gross domestic product ( GDP ).
Diversifying market opportunities.
Export and Import Not a Process…. There is also a career opportunity…. Yes… if you want to make your career in export and import business then don’t miss this golden opportunity…. Join today HiiEM Export import institute.