what is diffrence between import trade and export trade ?

Hey Shivani,

This topic is covered in our revision notes. You can refer to the same following the below mentioned path.
Chapter-1 (named as 'Nature and Purpose of Business')- under the topic 'External Trade' 

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If goods are purchased from another country, it is called import trade.

If goods are sold to other countries, it is known as export trade.

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