Answer :
True More goods and services are imported into the US than any other country in the world.
Imports are the products and services that citizens of a nation choose to purchase over goods and services made in that nation. Since payments to sellers who are located outside are a part of import transactions, there is a corresponding outflow of funds from the nation.
In 2020, the US imported $2,810.6 billion in goods and services, a $294.5 billion decrease from 2019. This totaled $460.1 billion in services and $2,350.6 billion in commodities.
Imports are transactions in which non-residents sell goods and services to a citizen of a territory (such as a country). Specific "borderline" situations are both included and excluded in the proper definition of goods in national accounts. Importation is the process of purchasing goods or services from a market or nation other than one's own.
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