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Importer Meaning: Definition, Examples, and Translations

๐Ÿ“ฆ
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importer

[ษชmหˆpษ”หrtษ™r ]

Definition

Context #1 | Noun

business trade

An importer is a person or business that brings goods or services into a country from abroad for sale. Importers play a crucial role in international trade by acquiring products that may not be available domestically. They must comply with various regulations, tariffs, and customs procedures to ensure that the imported goods are legally brought into the country. Importers often establish relationships with foreign suppliers to secure favorable terms and conditions. As globalization increases, the role of importers has become more significant in connecting markets worldwide.

Synonyms

dealer, distributor, merchant, trader.

Examples of usage

  • The importer sourced electronics from Asia.
  • After the trade deal, our company became a major importer of textiles.
  • An experienced importer knows how to navigate customs.
  • The local importer provides fresh produce from Europe.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Global Trade

  • Importers play a vital role in global trade, facilitating the exchange of goods and services across borders.
  • The World Trade Organization monitors international trade, ensuring fair practices among importers and exporters.
  • Countries rely on importers for essential products that are not readily available domestically or are cheaper to bring in.

Economics

  • Importers can significantly affect local economies by introducing foreign goods that may compete with local products.
  • Tariffs and taxes imposed on imports can influence the pricing and availability of imported goods for consumers.
  • The balance of trade, which measures the difference between a countryโ€™s imports and exports, is crucial for economic health.

Cultural Exchange

  • Through importers, cultural products like cuisine, fashion, and technology travel across the globe, enriching societies.
  • Many popular international foods, such as sushi or pasta, reached new countries thanks to importers who brought them in.
  • Importers help diversify local markets by introducing unique goods that reflect different cultures and traditions.

Challenges and Regulations

  • Importers must navigate various laws and regulations, including customs duties and safety standards, to operate legally.
  • Fluctuations in currency exchange rates can impact the cost and profit margins for importers.
  • Sustainability concerns have led to increased scrutiny of how goods are imported, particularly regarding environmental impacts.

Origin of 'importer'

Main points about word origin

  • The word 'importer' comes from the Latin word 'importare,' meaning 'to bring in' or 'to carry in.'
  • It began using the term in English around the late 15th century, as trade and overseas exploration expanded.
  • In early usage, it primarily referred to the act of bringing goods into England from foreign lands.

The term 'importer' originates from the Latin word 'importare', which means 'to bring in'. The prefix โ€˜in-โ€™ means 'into', and 'portare' means 'to carry'. This concept evolved through Middle French before entering the English language. The word began to be used in the context of trade as international commerce expanded during the 16th and 17th centuries, particularly with the establishment of colonial trade routes. In the modern era, the role of importers has become increasingly important due to globalization and the interconnectedness of markets. Importers are now pivotal in facilitating consumer access to international products, thus driving trade and economic growth.

Word Frequency Rank

Ranked #10,420, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.