An export is a good or service that leaves the home country., Exports are goods or services sold to buyers in another country., Exports are recorded as credit items in the current account., Foreign buyers spend money on exports produced by the home country., Export sales cause money to flow into the domestic economy., An import is a good or service that enters the home country., Imports are goods or services bought from sellers in another country., Imports are recorded as debit items in the current account., The home country's population spends money on imported goods and services., Import purchases cause money to flow out of the domestic economy.

Export vs Import

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