international trade
/ɪntərˈnæʃənəl ˈtreɪd/ · in.ter.na.tion.al trade
noun
- The exchange of goods and services between countries, including imports and exports. The country's international trade deficit has been a major concern for economists.
noun
- The business of buying and selling goods and services across national borders. The company specializes in international trade, importing rare spices from Asia.
noun
- The flow of goods, services, and capital between countries, including the exchange of ideas and technologies. The international trade agreement aims to promote economic growth and cooperation between nations.
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Did you know? International trade has been a crucial aspect of human civilization, dating back to ancient times when merchants traded goods such as spices, textiles, and precious metals across the Silk Road.