Countries import certain goods and services when they are unable to produce them domestically in sufficient quantities or at competitive prices. This allows them to meet domestic demand and provide a wider variety of goods to their citizens. On the other hand, countries export goods and services that they can produce efficiently and at lower costs compared to other nations. This helps them earn revenue, create job opportunities, and utilize their resources effectively. Importing and exporting goods and services encourages international trade and promotes economic growth.
