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imports

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imports

Products or services that one country purchases from another for domestic consumption, or for processing and re-exporting (Hong Kong, for example, is heavily dependent on imports for its export business). Imports may be visible (goods) or invisible (services). If an importing country does not have a counterbalancing value of exports, it may experience balance-of-payments difficulties and accordingly consider restricting imports by some form of protectionism (such as an import tariff or import quotas).

The USA had a record current account deficit of $856.6 billion in 2006. The rise was also the fifth consecutive annual increase in the deficit.



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? Mentioned in ? References in classic literature
 
As its name imports (smeer, fat; berg, to put up), this village was founded in order to afford a place for the blubber of the dutch whale fleet to be tried out, without being taken home to Holland for that purpose.
Moby Dick LXVIII-CXXXIV by Melville, Herman View in context
No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it's inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.
The Constitution of The United States by History Documents View in context
But when I knew them, of exports there was never a sign that one could detect; and all the imports I have ever seen were some rare cargoes of tropical timber, enormous baulks roughed out of iron trunks grown in the woods about the Gulf of Mexico.
The Mirror of the Sea by Conrad, Joseph View in context
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