What is the Difference Between Import and Export?
🆚 Go to Comparative Table 🆚The main difference between import and export lies in the movement of goods and their direction in international trade. Here are the key differences between the two:
- Definition: Import refers to the process of buying goods from another country, while export refers to the process of selling goods to another country.
- Direction of trade: In export, goods and services are sold to other countries, whereas in import, goods and services are bought from other countries.
- Impact on trade balance: Export has a positive impact on a country's trade balance, as it increases the country's trade surplus. On the other hand, import has a negative impact on a country's trade balance, as it increases the country's trade deficit.
- Purpose: The purpose of exporting is to earn foreign exchange and increase a country's trade surplus, while importing is to access goods and services that are unavailable or more expensive domestically.
- Incentives: Exporters often receive incentives from their government, such as tax breaks or subsidies, to encourage exporting activities.
In summary, import and export are both essential components of international trade, but they differ in the direction of goods movement, their impact on a country's trade balance, and their purposes in the global market.
Comparative Table: Import vs Export
The difference between import and export can be summarized as follows:
| Import | Export |
|---|---|
| Brings saved data back into a database or system | Saves data, creating a copy of the original data |
| Can be used to bring data back into any compatible database or system, not just the original source | The exported data is typically specific to the original source and may not be easily imported into a different system or database |
| Can only copy the structure of the table, not the data itself | Copies both the structure and the data of the table |
| Can create a new object in the destination database, but does not add records to an existing table | Does not create a new object in the destination database, only makes a copy of the original data |
| Links the new object to the original source table if it is a linked table | Exported linked table links directly to the original source table |
| Does not copy relationships between tables | Relationships between tables are not preserved during the export process |
In summary, exporting data creates a copy of the original data, while importing data brings that saved data back into a database or system. Exporting only creates a copy of the data, while importing can create new objects and link to original source tables, but does not preserve relationships between tables.
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