In this paper we investigate the continuous, local exchange of fluid elements as they are entrained and detrained across the turbulent/non-turbulent interface (TNTI) in a high Reynolds number axisymmetric jet. To elucidate characteristic kinematic features of local entrainment and detrainment processes, simultaneous high-speed particle image velocimetry and planar laser-induced fluorescence measurements were undertaken. Using an interface-tracking technique, we evaluate and analyse the conditional dependence of local entrainment velocity in a frame of reference moving with the TNTI in terms of the interface geometry and the local flow field. We find that the local entrainment velocity is intermittent with a characteristic length scale of the order of the Taylor micro-scale and that the contribution to the net entrainment rate arises from the imbalance between local entrainment and detrainment rates that occurs with a ratio of two parts of entrainment to one part detrainment. On average, an increase in local entrainment is correlated with excursions of the TNTI towards jet centreline into regions of higher streamwise momentum, convex surface curvature facing the turbulent side of the jet and along the leading edges of the interface. In contrast, detrainment is correlated with excursions of the TNTI away from the jet centreline into regions of lower streamwise momentum, concave surface curvature and along the trailing edge. We find that strong entrainment is characterised by a local counterflow velocity field in the frame of reference moving with the TNTI which enhances the transport of rotational and irrotational fluid elements. On the other hand, detrainment is characterised by locally uniform flow fields with the local fluid velocity on either side of the TNTI advecting in the same direction. These local flow patterns and the strength of entrainment or detrainment rates are also observed to be strongly influenced by the presence and relative strength of vortical structures which are of the order of the Taylor micro-scale that populate the turbulent region along the jet boundary.