Import/Import Duty – International Shipping Terminology

Import refers to bringing a product from abroad into a country. Import Duty is applied to such products by the country’s customs authorities.

Import is the opposite of export. It refers to the process of bringing a good into the country from across the borders. When you purchase a good from an international seller, who is selling another country than yours, it is called international shipping.

Imports are a crucial part of the cross border trade and impose a tariff that is specific to the country where the import is taking place. When importing goods, either the seller or the buyer bear the duties and tariffs involved in import of the goods. These duties and tariffs are a part of the trade agreement between the parties.