Importing a collection will import all of its assets to the project bin in a folder named after the collection.
The option to import a collection and all its contents in the order in which they are sorted is also available in Premiere Pro when Import collections into a sequence is toggled on in import preferences.
To import a collection:
From the asset pane, right-click a collection and select Import [Collection Name], then choose Proxy or Hi-Res.
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The collection will be imported.
If Import collections into a sequence is toggled on in import preferences, the contents of the collection will be imported in the same order they were sorted in.