What are the different types of international trade?

Some of the common types of international trade include: Export trade: It involves the sale of goods and services produced domestically to foreign markets. Import trade: When things and services are bought from foreign markets and used in the home country, this is called import.

What are some examples of international trade?

international trade, economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions involve services, such as travel services and payments for foreign patents ( see service industry ).

What is international trade?

International trade refers to exchanging goods, services, and capital between countries. It enables nations to obtain products that are not available in their domestic markets and allows them to specialise in producing goods and services in which they have a comparative advantage.