Business, Commerce, Differences

Difference Between Import Trade and Export Trade?

Difference Between Import Trade and Export Trade?

When a country buys goods and services from other countries, it is known as import trade. For instance, India buys petrol from Iran. When a country sells goods and services to other countries, it is known as export trade. For example, India Sells rice to European countries. If import trade is more than export trade it is not good for economy.

Tagged , , , , , ,

2 thoughts on “Difference Between Import Trade and Export Trade?

  1. Pingback: EXCHANGE CONTROL

Leave a Reply

Your email address will not be published. Required fields are marked *