Starting an import-export business involves engaging in the international trade of goods, either by importing products from other countries or exporting domestic products to foreign markets. It plays a crucial role in the global economy by facilitating the exchange of goods and services across borders, meeting the demands of consumers worldwide.
There are numerous benefits to starting an import-export business, including the potential for high profits, diversification of revenue streams, and access to a wider customer base. Additionally, it can contribute to economic growth and job creation in both the home country and the countries with which it trades.
