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Import/export businesses are a lucrative industry, worth hundreds of billions of dollars, regardless of global economic conditions. Eric Goldschein from Fundera discusses the importance of trade throughout history, enabling the exchange of products like clothing from China and olive oil from Spain. If you have identified a product with potential in another market, consider starting an import/export business. There are various types of import/export businesses, such as an Export Management Company (EMC), which focuses on exporting goods for domestic businesses aiming to enter new markets. Understanding the opportunities in this sector can lead to a successful venture.