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Import/export businesses, according to Eric Goldschein from Fundera, play a vital role in the global economy, encompassing categories like capital goods, consumer goods, and food. This industry is valued at hundreds of billions of dollars and has existed for as long as trade itself. Importing and exporting allow access to diverse products from around the world, such as clothing from China and cars from Germany. If you have identified a potentially successful product in a different market, it may be time to consider starting an import/export venture. There are various types of businesses within this sector, including export management companies (EMCs), which facilitate exports for domestic firms targeting foreign markets.
