world trade
Global buying, selling
World trade is the exchange of goods and services across national borders—the sum of all imports and exports between countries.
The term often appears in discussions of economic policy, tariffs, and international agreements: World trade slowed during the pandemic.
The World Trade Organization oversees global trading rules.
World trade in semiconductors has become a geopolitical flashpoint.
- balance of paymentsNation's international transaction record
- open marketsUnrestricted commercial exchanges
- global economyInterconnected international financial system
- import quotasLimits on foreign purchases
- outsourcingThird-party task delegation
shipping routes · silk road · import export · WTO · multinational corporations · most favored nation · cultural exchange · tariffs · globalization · market · economic summits · labor migration · comparative advantage · supply chains · cargo ships · quotas · exports · duty free
- global commercecommerce, foreign markets, export controls, customs duties, exchange rates
- globalizationglobalization, global village, multinationals, global economy, global markets
- global businessmultinational corporations, multinationals, multinational, foreign markets, global strategy
- international workdiplomat, ambassador, translator, interpreter, foreign correspondent
world tradedomestic trade
Commerce within national boundaries
local trade · regional trade · local commerce · home market · domestic market
world tradeprotectionism
Shielding local producers
trade barriers · economic isolation · autarky · trade embargo · trade restrictions
trade, world, trader, worldly, worlds, trades, underworld, traders, unworldly