How many types does import have?

Published: 10 Mar 2009 22:23:23 PST

There are two basic types of imports: 1. Industrial and consumer goods, 2. Intermediate goods and services,

Companies import goods and services to supply to the domestic market at a cheaper price and better quality than competing goods manufactured in the domestic market. Companies import products that are not available in the local market.

There are three broad types of importers: 1. Looking for any product around the world to import and sell. 2. Looking for foreign sourcing to get their products at the cheapest price. 3. Using foreign sourcing as part of their global supply chain.