The import statements in Python are executed at the point where they are located in the code. If you have some code before the import statement (print Start running) it will be executed before the importing starts.

During the importing any code that is outside of functions and classes in the imported module is executed. (print Loading mygreet).

Then you can call functions from the module (print Hello World).

Or call code that is in the importing program (print DONE).

def hello():
    print("Hello World")

print("Loading mygreet")

import mygreet

print("Start running")  # Start running

import mygreet          # Loading mygreet

print("import done")    # import done

mygreet.hello()         # Hello World

print("DONE")           # DONE