Meaning of the word importation in English

What does importation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

importation

US /ˌɪm.pɔːrˈteɪ.ʃən/
UK /ˌɪm.pɔːˈteɪ.ʃən/

Noun

1.

the act of bringing goods or services into a country from another country for sale

Example:
The importation of foreign cars has increased significantly.
New regulations will affect the importation of certain goods.
2.

an item or amount of goods or services imported

Example:
The country relies heavily on the importation of oil.
There was a significant importation of luxury goods last year.