International trade is broad in scope and complex in nature. It is divided into export trade, import trade, transit trade, entrepot trade, re-export trade and re-import trade according to the direction of goods flow. So what is re-import and what is re-export?
Re-export refers to the importation of finished products from foreign countries by domestic traders, which are not processed and manufactured and then exported to foreign countries. The re-export is also called re-export and consists of two parts, namely, re-export and nationalisation from the domestic free trade zone or customs bonded warehouse. Commodities are re-exported.
The re-export trade is to a large extent related to the operation of re-export trade, which has great economic significance for those countries with a large number of re-export trade. This is because countries engaged in re-exports can not only obtain re-export profits from their re-export trade business, but also benefit from the transit of commodities. Temporarily imported goods are re-exported abroad, not re-exported.
Re-import refers to a process in which a domestic manufacturer or trader sells its goods abroad, and imports into the country without processing. Re-import is also to import another time. The reason for re-imports is either the unqualified quality of the goods, or the wrong sales of the goods, or the domestic supply is in short supply. In consideration of economic benefits, re-imports should be avoided as much as possible.
The re-import of domestic goods refers to the goods originating in the country that have been manufactured in the country and have actually been exported. If the goods are not processed to change the status of the goods, they need to be re-transported into the country for some reasons.