merchandise vs import

merchandise and import both are nouns.

Word	Noun	Adjective	Verb	Adverb
merchandise	Yes	No	Yes	No
import	Yes	No	Yes	No

As verbs, import is a hyponym of merchandise; that is, import is a word with a more specific, narrower meaning than merchandise:

Other hyponyms of merchandise include black market, run, traffic, arbitrage, traffic, market, export.

merchandise (noun)	import (noun)
items for sale to the individual consumer	commodities (goods or services) bought from a foreign country
branded products meant to promote another product, especially films and pop groups	having important effects or influence
	a meaning that is not expressly stated but can be inferred
	the message that is intended or expressed or signified
	an imported person brought from a foreign country

merchandise (verb)	import (verb)
engage in the trade of	indicate or signify
	bring in from abroad
	transfer (electronic data) into a database or document