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Title : What is Import? Definition, Types, Benefits, Objectives | Business Motivation Success | Online business
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What is Import? Definition, Types, Benefits, Objectives | Business Motivation Success | Online business

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Import are goods or services brought to one country from another. The word "import" comes from the word "port" because goods are often sent by ship overseas. Along with exports, imports are the backbone of international trade.

Imports are goods brought into jurisdiction, especially across national borders, from external sources. The party who carries the goods is called an importer. Imports in the recipient country are exports from the sending country. Imports and exports are financial transactions that determine international trade.

Import activities can be held for several reasons including:

• There is no domestic production yet, but these goods or services are needed in our country.


• The domestic production already exists, but the results are not enough to meet domestic needs so they are still needed from imports.

In international trade, imports and exports of goods are limited by import quotas and the mandate of the customs authority. Import and export jurisdictions may impose tariffs (taxes) on goods. In addition, imports and exports of goods are subject to trade agreements between import and export jurisdictions.

Imports are important for the economy because they allow a country to supply certain products, services that are absent, rare, expensive or of low quality, to its market with products from other countries.

Import are foreign goods and services that are purchased by residents of a country. Residents include citizens, businesses and governments. It doesn't matter what the import is or how it is shipped. They can be sent, sent by email, or even by bringing personal items on the plane. If they are produced in a foreign country and sold to domestic residents, they are imported.

Even tourism products and services are imported. When you travel abroad, you import the souvenirs you buy on the trip.

Imports and Trade Deficits

If a country imports more than exports, it experiences a trade deficit. If imports are less than exports, it creates a trade surplus. When a country has a trade deficit, it must borrow from another country to pay for additional imports. It's like a household that has just begun. The couple had to borrow to pay for the car, house and furniture. Their income is not enough to cover the costs needed to improve their standard of living.

But, like the young couple, a country should not continue to borrow to finance its trade deficit. At some point, a mature economy must be a net exporter. At that point, the trade surplus is healthier than the deficit.

Why? First, exports increase economic output, measured by gross domestic product. They create jobs and increase wages.

Second, imports make the country dependent on the political and economic power of other countries. That is especially true when importing commodities, such as food, oil, and industrial materials. It is dangerous to depend on foreign powers to keep the population maintained and factories humming.

Definition of Imports According to Experts

• According to Astuti Purnamawati (2013: 13), the meaning of import is the act of buying goods from abroad in accordance with government regulations, which are paid for in foreign currencies.

• According to Marolop Tandjung (2011: 379), the meaning of import is trade activities by way of entering goods from abroad into Indonesian customs areas in accordance with the provisions of the applicable laws and regulations.

• According to Susilo Utomo (2008: 101), the meaning of import is an activity of importing goods from abroad into the domestic customs territory carried out by representatives of the two countries, both individuals and companies.

The types of goods that can be imported have been determined by the government of a country. For example, in Indonesia, the government through the Minister of Trade, sets the rules for the types of goods imported as follows:

• Consumer goods or goods that can be directly used to meet the consumption needs of the public and the government, such as rice, staple goods, electronic devices, and household appliances.

• Raw / auxiliary materials that are usually used in the production process of goods such as basic chemicals, pharmaceuticals, fertilizers, paper materials, woven threads, cement, lime, plastic materials, iron, steel, metals, rubber materials, plastics, building materials, power tools, and others.

• Capital goods and goods / equipment used to produce further goods. Example: production machines, electric generators, telecommunications equipment, yarn spinning machines, diesel engines, tractors, electrical equipment, transportation equipment, and others.

Disagreement about imports

Economists and policy analysts do not agree with the positive and negative impacts of imports. Some critics argue that continued dependence on imports means reduced demand for products produced domestically, and thus can limp entrepreneurship and business business development. Proponents say imports improve the quality of life by giving consumers greater choices and cheaper goods; the availability of cheaper goods also helps prevent the rise of inflation.

Purpose of Import Activities

• Meeting basic needs that cannot be fulfilled by the State


• Obtaining goods and services that cannot be produced by the State


• Balancing knowledge with other countries


• Getting more modern technology


• Getting Raw Materials


• Get the Latest Technology

Import benefits

• Get goods and services that cannot be produced.


• Acquiring modern technology


• Obtain raw materials.


• Overcoming the shortage of goods that occur in the country


• Getting goods that cannot be produced domestically


• With the release of goods from outside, we have the innovation to create these goods


• Acquire knowledge through import activities


• Acquiring technology from other countries


• Increasing product products in the domestic market


• Maintaining cooperation between countries


• Pressing a monopoly on a product

The Negative Impact of Import Activities

• Unemployment Expansion


• Obtain Rivalry of Domestic Companies or Factories

1. Import Conditions

Have import licenses, such as:

• API (Import Identification Number) as a general importer, is valid as long as the company is doing business


• APIS (Temporary Import Identification Number), is valid for a period of 2 years and cannot be extended


• API (S), manufacturers within companies outside of PMA or PMDN


• APIT, (Limited Import Identification Number), is intended for PMA / PMDN companies

Requirements for obtaining APIS:

• Have SIUP, intended for medium and large companies


• Having expertise in import trade


• Reference from foreign exchange banks


• Proof of tax liability (NPWP)

Requirements for getting an API:

• Must have an APIS


• The minimum import is four times and has reached a nominal value of US $ 100,000.00


• Never deny an import contract

2. Must be an importer

• Importers are businessmen who can carry out trade activities by importing goods from abroad into the Indonesian customs territory in accordance with applicable regulations.

The importer category includes:

• General Importers, Registered and Producers


• Importer Manufacturer


• Single agent

3. Imported goods

Are all types of goods that have been registered as imported goods and also in accordance with the provisions of the taxation and customs that apply.

Types of Imports

• Further / Continuous Transport Imports; the activity of transporting goods using means of transporting through an office to another office without the first demolition process.

• Import for Use; activities of entering goods / services into Indonesian customs territory for the purpose of being used, owned or controlled by people domiciled in Indonesia.

• Temporary Imports; activities to enter goods / services into Indonesia's customs territory where the aim is to be re-exported abroad for a maximum of 3 years.

• Import for Re-export; the activity of transporting imported goods that are still in the customs territory to be exported back abroad. This is done on imported goods with conditions; not according to order, wrong send, damaged, does not meet technical requirements, changes in regulations occur.

Example of INDONESIA IMPORT

Import are goods or services brought to one country from another. The word "import" comes from the word "port" because goods are often sent by ship overseas. Along with exports, imports are the backbone of international trade.

Imports are goods brought into jurisdiction, especially across national borders, from external sources. The party who carries the goods is called an importer. Imports in the recipient country are exports from the sending country. Imports and exports are financial transactions that determine international trade.

Import activities can be held for several reasons including:

• There is no domestic production yet, but these goods or services are needed in our country.


• The domestic production already exists, but the results are not enough to meet domestic needs so they are still needed from imports.

In international trade, imports and exports of goods are limited by import quotas and the mandate of the customs authority. Import and export jurisdictions may impose tariffs (taxes) on goods. In addition, imports and exports of goods are subject to trade agreements between import and export jurisdictions.

Imports are important for the economy because they allow a country to supply certain products, services that are absent, rare, expensive or of low quality, to its market with products from other countries.

Import are foreign goods and services that are purchased by residents of a country. Residents include citizens, businesses and governments. It doesn't matter what the import is or how it is shipped. They can be sent, sent by email, or even by bringing personal items on the plane. If they are produced in a foreign country and sold to domestic residents, they are imported.

Even tourism products and services are imported. When you travel abroad, you import the souvenirs you buy on the trip.

Imports and Trade Deficits

If a country imports more than exports, it experiences a trade deficit. If imports are less than exports, it creates a trade surplus. When a country has a trade deficit, it must borrow from another country to pay for additional imports. It's like a household that has just begun. The couple had to borrow to pay for the car, house and furniture. Their income is not enough to cover the costs needed to improve their standard of living.

But, like the young couple, a country should not continue to borrow to finance its trade deficit. At some point, a mature economy must be a net exporter. At that point, the trade surplus is healthier than the deficit.

Why? First, exports increase economic output, measured by gross domestic product. They create jobs and increase wages.

Second, imports make the country dependent on the political and economic power of other countries. That is especially true when importing commodities, such as food, oil, and industrial materials. It is dangerous to depend on foreign powers to keep the population maintained and factories humming.

Definition of Imports According to Experts

• According to Astuti Purnamawati (2013: 13), the meaning of import is the act of buying goods from abroad in accordance with government regulations, which are paid for in foreign currencies.

• According to Marolop Tandjung (2011: 379), the meaning of import is trade activities by way of entering goods from abroad into Indonesian customs areas in accordance with the provisions of the applicable laws and regulations.

• According to Susilo Utomo (2008: 101), the meaning of import is an activity of importing goods from abroad into the domestic customs territory carried out by representatives of the two countries, both individuals and companies.

The types of goods that can be imported have been determined by the government of a country. For example, in Indonesia, the government through the Minister of Trade, sets the rules for the types of goods imported as follows:

• Consumer goods or goods that can be directly used to meet the consumption needs of the public and the government, such as rice, staple goods, electronic devices, and household appliances.

• Raw / auxiliary materials that are usually used in the production process of goods such as basic chemicals, pharmaceuticals, fertilizers, paper materials, woven threads, cement, lime, plastic materials, iron, steel, metals, rubber materials, plastics, building materials, power tools, and others.

• Capital goods and goods / equipment used to produce further goods. Example: production machines, electric generators, telecommunications equipment, yarn spinning machines, diesel engines, tractors, electrical equipment, transportation equipment, and others.

Disagreement about imports

Economists and policy analysts do not agree with the positive and negative impacts of imports. Some critics argue that continued dependence on imports means reduced demand for products produced domestically, and thus can limp entrepreneurship and business business development. Proponents say imports improve the quality of life by giving consumers greater choices and cheaper goods; the availability of cheaper goods also helps prevent the rise of inflation.

Purpose of Import Activities

• Meeting basic needs that cannot be fulfilled by the State


• Obtaining goods and services that cannot be produced by the State


• Balancing knowledge with other countries


• Getting more modern technology


• Getting Raw Materials


• Get the Latest Technology

Import benefits

• Get goods and services that cannot be produced.


• Acquiring modern technology


• Obtain raw materials.


• Overcoming the shortage of goods that occur in the country


• Getting goods that cannot be produced domestically


• With the release of goods from outside, we have the innovation to create these goods


• Acquire knowledge through import activities


• Acquiring technology from other countries


• Increasing product products in the domestic market


• Maintaining cooperation between countries


• Pressing a monopoly on a product

Negative Impact of Import Activities

• Unemployment Expansion


• Obtain Rivalry of Domestic Companies or Factories

1. Import Conditions

Have import licenses, such as:

• API (Import Identification Number) as a general importer, is valid as long as the company is doing business


• APIS (Temporary Import Identification Number), is valid for a period of 2 years and cannot be extended


• API (S), manufacturers within companies outside of PMA or PMDN


• APIT, (Limited Import Identification Number), is intended for PMA / PMDN companies

Requirements to get an APIS:

• Have SIUP, intended for medium and large companies


• Having expertise in import trade


• Reference from foreign exchange banks


• Proof of tax liability (NPWP)

Requirements for getting an API:

• Must have an APIS


• The minimum import is four times and has reached a nominal value of US $ 100,000.00


• Never deny an import contract

2. Must be an importer

• Importers are businessmen who can carry out trade activities by importing goods from abroad into the Indonesian customs territory in accordance with applicable regulations.

The importer category includes:

• General Importers, Registered and Producers


• Importer Manufacturer


• Single agent

3. Imported goods

Are all types of goods that have been registered as imported goods and also in accordance with the provisions of the taxation and customs that apply.

Types of Imports

• Further / Continuous Transport Imports; the activity of transporting goods using means of transporting through an office to another office without the first demolition process.

• Import for Use; activities of entering goods / services into Indonesian customs territory for the purpose of being used, owned or controlled by people domiciled in Indonesia.

• Temporary Imports; activities to enter goods / services into Indonesia's customs territory where the aim is to be re-exported abroad for a maximum of 3 years.

• Import for Re-export; the activity of transporting imported goods that are still in the customs territory to be exported back abroad. This is done on imported goods with conditions; not according to order, wrong send, damaged, does not meet technical requirements, changes in regulations occur.

Example of INDONESIA IMPORT

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