foreign trade
Cross-border buying, selling
Foreign trade is the exchange of goods and services between countries—imports and exports across national borders.
The term encompasses the policies, agreements, and economic relationships that govern international commerce: Foreign trade accounts for a significant portion of the country's GDP.
A nation's foreign trade balance compares what it sells abroad against what it buys.
- commerceExchange of goods, services
- open marketUnrestricted trading environment
- balance of paymentsNation's international transaction record
- international relationsCross-border political interactions
- customs unionTariff-aligned trading partnership
bilateral agreements · tariff · port of entry · broker · overseas · countertrade · embargo · duty · wholesale · shipping · shipping container · supply chain · goods · exchange · commodities · container · smuggling · treaty
- trade resources
- tradecustoms, commerce, exports, quotas, embargo
- international tradecustoms, tariffs, freight, exports, imports
- Ancient Egypt economygrain storage, gold mines, taxation, granaries, tribute
- Chinese Commercetariff, wholesale, factories, factory, retail
- economic dataGDP, CPI, PPI, inflation rates, inflation rate
foreign tradedomestic trade
Commerce within national boundaries
local trade · interstate commerce · regional trade · local commerce
foreign tradeautarky
Complete economic independence
protectionism · self-sufficiency · economic nationalism · import substitution · mercantilism
trade, foreign, import, export, trader, trading, foreigner, traded, traders