The "Import" functionality is currently visually rather far from the "Add Module" functionality:

Meanwhile in Visual Studio, Add -> Existing Item... is right on top of the list of available item types.
Let's leave "Export" grouped with "Remove" (they do go hand-in-hand), and move "Import" under the "Add" menu, both in the context menu and the "+" dropdown.
Nice idea. Could I also suggest the label gets changed from 'Add Module' to simply 'Add'? 'Module' doesn't really fit with UserForms for example, nor with ActiveX designers (if we ever want to support them for ODE) nor with several of the VB6 component types (if we want to be a little consistent between VBA and VB6)
May I suggest adding a 'Replace' functionality? Quite often I find myself wanting to replace (first delete, then re-import) a certain module, for example when rolling back changes.
Edit: The VBE's standard behavior when trying to import a module whose name is already taken is to append a number to the name (or increment the existing number).
@Inarion good idea! ref. #4781
Currently, the Add button drop-down comes from the same resource entry as the Add context (sub) menu. If we add an entry for 'File...' there, it will show up in both places. That being so, the Import... menu item seems somewhat redundant. Did we want to keep it?
Indeed this makes the "Import..." menu item somewhat completely redundant, the "Existing Item..." menu item means to replace it, leaving "Export" close to "Remove", and effectively moving "Import" closer to the "Add" commands.
So, here's what the VBA context menu looks like with the changes (including shortening add/collapse):

@mansellan that looks great!
I might suggest that the main menu level be Add/Import to retain consistency with the standard VBE Project Explorer context menu:

Having reread the issue log and knowing what was going on, it still took me a few moments to find Add | Existing file....
Perhaps at least consider changing Existing file... to Existing module... to retain consistency with the wording module since that's used on almost every other line of the sub-menu.
Hmm, not sure... I definitely think Add/Import is too noisy. As for the Existing {?}, here's how it looks in VB6:

I think module would be counter-productive there. Torn between file and item though...
Incidentally, Import was never available to VB6, the word Import didn't really fit, so the functionality was missed. Now that it's Add, I'm adding it.
I do wonder though if Add, Export and Remove should be in one group, separately from Find and Indent?
OK, so I've tried the following:
The question then is - where should the group go? Below Find/Indent or above it. Both options shown below:

Thoughts?
For the question, I think the above makes more sense.
I would also think that I think it makes more sense & discoverable to have the Existing file... as a first menu option, with the new stuff following.
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May I suggest adding a 'Replace' functionality? Quite often I find myself wanting to replace (first delete, then re-import) a certain module, for example when rolling back changes.
Edit: The VBE's standard behavior when trying to import a module whose name is already taken is to append a number to the name (or increment the existing number).