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Import/export businesses remain vital regardless of the global economy, encompassing a market worth hundreds of billions of dollars. This industry facilitates the trade of various goods, from clothing to food and equipment. If you have identified a product with potential in a different market, it's time to explore the possibilities of importing or exporting it as a business venture. There are different types of import/export businesses; for instance, you can establish an export management company (EMC), which handles the export of goods for domestic businesses seeking to enter foreign markets.