Imports example sentences
Service exports and imports involve trade in intangibles.Levels of income above Ytb lead to higher imports, and thus a trade deficit.It caters to the convenient handling of exports and imports of highly productive granary and industrial belt stretching across the states of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Rajasthan and Gujarat.His struggle to run his company started when the government removed restrictions on imports of capacitors as per its agreement at WTO in 200 His main clients, the television companies, used to buy different components including capacitors in bulk for the manufacture of television sets.In an open economy, the demand for domestic goods is equal to the domestic demand for goods (consumption, investment and government spending) plus exports minus imports.Small producers in towns were often faced with stiff competition from imports of cheap machine-made goods from England, where industrialisation was more advanced than on the continent.Since payment for imports requires foreign currency, the importer has to also make an application to a bank authorised for sanction of the necessary foreign exchange.In most countries, governments supported industrialisation by imposing heavy duties on imports.But would not the import duties on such imports substantially increase his product cost? In addition, he will be incurring additional costs on transportation, packaging and insurance as required in connection with export to foreign destinations.Imports will therefore decline and less foreign exchange will be demanded.Thus, while imports increase, they do not offset the increase in exports, and there is a trade surplus.At Ytb ('tb' for trade balance), the level of income at which the value of imports is just equal to exports, net exports are equal to zero.As usually is the case, firms start their overseas operations with exports and imports, and later having gained familiarity with the foreign market operations switch over to other forms of international business operations.Thus, imports depend positively on Y and negatively on R.So far as imports are concerned, products likes crude oil and petroleum products, capital goods (i.e., machinery), electronic goods, pearl, precious and semi-precious stones, gold, silver and chemicals constitute major items of India's imports.
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