foreign trade
/ˈfɔrɪnˌtreɪd/ · for.eign.trade
noun
- The exchange of goods and services between countries, including imports and exports. The country's foreign trade deficit was a major concern for the economy.
- The business of importing and exporting goods and services. The company specializes in foreign trade with Asia.
Did you know? The concept of foreign trade dates back to ancient civilizations, with evidence of international trade found in the Indus Valley Civilization and ancient Egypt.