parallel importing

Definition

When an importer finds a cheaper price of a good or equivalent good on the world market and imports the good instead of paying higher local prices. These imports tend to be outside authorized importer channels, and are often carried by ordinary tourists. Goods that do not incur heavy transportation costs are most at risk from parallel imports. Authorized retailers, who are not allowed to source goods from parallel importers, generally oppose this practice since it makes them non-competitive against unauthorized retailers who can source these relatively cheap goods.

Use parallel importing in a sentence

You should try and use some parallel importing if you think that will be the easiest way for you to proceed.

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We did some parallel importing and I thought that was a really good thing for us to be doing at this point in time.

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The parallel importing of the tourists leaving the region played a substantial role in the economy and market in the area.

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parallel economy arbitrage