When Heath, a resident of the United States, buys a video game made in Japan, he is importing it from that nation.
The United States has a long-standing trade deficit because it imports much more products and services than it exports. GDP, exchange rates, and inflation rates are all impacted by the import-export balance. The US is the world's greatest importer and second-largest exporter.
The American food basket represents an increasing proportion of exotic foods, spices, and imported gourmet goods as Americans have become wealthier and more ethnically diverse. U.S. imports of common fruits, vegetables, and tropical goods like cocoa and coffee are influenced by seasonal and climatic factors.
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