Import/ Export and Trade Lead

Increasing Trade relations between nations has led to increase in Import and export of goods between them. It serves as a great way to expand business and markets for their companies and allows them to take more impart part in the global economy. It also serves as a catalyst for faster growth and brand building.

An import is any good or service brought into a country from another country in a fair and acceptable fashion, typically for use in trade. Imported goods or services introduce domestic consumers to newer things by foreign producers. There are two basic types of imports: 1. Industrial and consumer goods.

2. Intermediate goods and services.

Companies usually imports 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 3 broad types of importers:

1. One who import and sell products around the world

2. One who requires foreign source to get their products at lowest price.

3. Last type is the one using foreign source as part of their global supply chain.

An export is any specialized goods, commodity or technology, shipped from one country to another country typically for use in it’s domestic market for eg: India exports Darjeeling Tea to many other nations. Export of commercial quantities of goods normally requires trade agreements between both the nations. Import and export allow the Foreign Direct Investment flow in to the country. Exporting is a major component of international trade, and allows nations to go for specialization in certain domains of business. Every year the worldwide Import and Export trade of more than $2 trillion occurs, and it is slated to grow further in future.

Trade Lead is a means for capturing and follow-up a project. Trade Leads are means for capturing and following up a project of a company in one country by another in some other part of the world. There are various kinds of portals where a person requiring some goods or services will post about his requirements and the others following this trade lead will offer him to fulfill his need. This can also occur between consumers and companies operating in different nations thereby automatically generating import and export business. International buyers and sellers can post their trade leads to buy and sell, import and export a wide range of products and services. Product categories include for eg: Automobiles, Garments, Furniture, Electronics etc. Services may include for eg: Education, Healthcare, Architecture, BPO etc.

 

Source : articlesbase