What is different from import and export?

Answer 1

Hi there,

The difference between import and export is define by the movement of the goods.

Import is also known as inbound, the shipment is from a different country compared to your own which usually paid by the receiver or importer.

Example; supplier is in China and the purchaser is in U.K thus the shipment is imported from China to U.K and the freight charge paid by U.K receiver.

Export is also known as outbound, the shipment is now sent out of China and paid by China supplier to U.K receiver.

For other information that might interest you please visit my blogsite klicksend.wordpress.com