Question

How can there be any economic gains for a country from both importing and exporting the same good, like cars?

Short answer

Yes, there can be economic gains for a country from both importing and exporting the same good which is referred to as intra-industry trade.

Step-by-step solution

Step 1. Meaning of Economic Gains.

When revenue is higher than costs in an economy it is called economic gains.

Step 2. Is there economic gains?

Yes, there can be economic gains for a country from both importing and exporting the same good which is referred to as intra-industry trade. Intra-industry trade allows international trade in the same industry which is beneficial in the long run as it is trading in the goods of its specialization which results in efficient production of the goods.