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TeachMeFinance.com - explain Import Imports -- Goods or service that are produced in another country and sold domestically. another definition... Import -- The act of bringing or causing any goods to be brought into a customs territory. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.