There are two basic categories of
import/export where we deal:
1. Industrial goods :
Industrial goods are made up of machinery,
manufacturing plants and materials, and any other
good or component used by other industries or
firms.
2. Intermediate goods and services:
Intermediate goods such as partly finished goods,
are used as inputs in the production of other goods
including final goods. A firm may make and then
use intermediate goods, or make and then sell, or
buy then use them.
The Main Objective of Import Export:
Plasmatec Engineers import goods and services
to supply to the domestic market at a cheaper price
and better quality than competing goods
manufactured in the domestic market. Companies
import products that are not available in the local
market to enable domestic surplus and encourage
good economy growth.
The Benefits of Import Export Business
• Importation
Importing from offshore sources provides a host of
benefits, including lower prices, higher quality
goods, and the advantages associated with
international trade agreements. Importation can
help small and medium businesses develop and
expand by reaching larger markets abroad, thereby
increasing their market values.
• Exportation
Achieve your business goals by exporting products.
Exporting products can be highly beneficial for
businesses today as it can give opportunity to
medium and large businesses by helping the
exporter to satisfy the need in the external
countries. This returns the exporter with foreign
exchange opportunities and more.
