IMPORT
What is import?
Import is related to the activity of purchasing products, goods or services from abroad to other countries. It is defined as the entry of foreign items into a given country.
Even though it has large territories and an abundance of wealth, no country is self-sufficient. Therefore, it is inevitable that countries import items or goods that they are not capable of producing. These imports can be carried out with the aim of supplying industrial sectors with raw materials, goods and services, facilitating research or supplying the population with food.
Advantages of Importing
Exchange rate advantage when the importing country's currency is more valued than the exporter's currency.
Offering incentives from the Federal Government, in the case of Brazil.
The import period is normally shorter than the period it takes to produce the imported product.
Reduction of production and labor costs.
Disadvantages of Importing
If there are delays in the delivery period of imported products, the importing country may suffer losses.
Lack of planning can lead to failures related to the quantity of products purchased.
The lack of trust between the importer and the exporting company can generate conflicts and losses, especially for those who are importing products.