Import penetration

Updated: Aug 20, 2021

The proportion of the market for a particular type of good that is supplied by imports. A rise in import penetration may result from an increase in demand which cannot be met from domestic sources, from worsening of the competitiveness of domestic suppliers, or from relaxation or removal of restrictions on imports.

Reference: Oxford Press Dictonary of Economics, 5th edt.

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.