Countries are most likely to import goods or services that their domestic industries cannot produce as efficiently or cheaply as the exporting country. Countries may also import raw materials or commodities that are not available within their borders.
Imports are goods and services that are bought by residents of a country, but are made outside of the country. They can be shipped, sent by mail, or even brought back in your luggage from a plane ride. If they are produced in a foreign country and sold to domestic residents, they are imports.

Why Do Countries Import?

Countries import goods for several reasons. It is important to note that most countries are not completely self-sufficient and, even if they wanted to be, it would come at a high cost that isn’t in their economic interest. For this reason, countries choose to import many goods and services.
First, countries import goods or services that are either essential to their economic well-being or highly attractive to consumers but are not available in the domestic market. Oil and natural gas are an example of this for many countries. These countries either don’t have any natural production or not enough oil to support the demand and lifestyle that their citizens require, so they rely on purchasing these fuels from other countries that do. Coal, copper, nickel and iron are other common natural resources that some countries need but don’t have.
Other common types of imports are goods or services that can be produced more inexpensively or efficiently by other countries, and therefore sold at lower prices. Many countries have the ability to produce goods that they choose to import, but often it is in their best interest to import the goods at a lower price due to higher workforce costs and wages, higher cost of materials, or technology and infrastructure challenges they may face.
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