Merchandise & service export and import

Merchandise & service export and import:

ü  When any nation or organizations purchase tangible goods then it is called import merchandise.

ü  When any firm or nation export tangible product then it is called export merchandise.

ü  When a nation or organization receiving payments for any service then it is called service export.

Similarly when a nation or organization paying for receiving service then it is called service import.
Performance of service: Some services- banking, insurance, rental, engineering, management services, and so on-net company’s earnings in the form of fees. On an international level, for example, companies pay fees for engineering services that are often handled through turnkey operations-construction, performed under contract, of facilities that are transferred to the owner when they are ready to begin operating. Companies also fees for management contracts-arrangements in which one company provides to perform general or specialized management functions for another company.
You may also like to read those posts below:
Greate Wall of China 
Paragraph on Bonsai 
Small Paragraph On Deforestation