Problem: Which of the following statements best describes the primary difference between import and export in international business? Import is the sale of goods and services to foreign markets, while export is the purchase of goods and services from foreign markets. Import and export both involve selling goods and services across international borders, with no significant distinction between the two. Import refers to bringing goods into one's own country, while export involves sending goods to foreign markets. Import and export are interchangeable terms, referring to the movement of goods and services across national boundaries.