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TeachMeFinance.com - explain Imports Imports The term 'Imports' as it applies to the area of energy can be defined as ' Receipts of goods into the 50 States and the District of Columbia from U.S. possessions and territories or from foreign countries'. Previous 5 Terms: Import fee Import license Import quota Imported crude oil burned as fuel Imported Refiners' Acquisition Cost (IRAC) Next 5 Terms: Impoundment imprimis Imprinting improper fraction Improved recovery About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.