International trade refers to the cross-border transaction of goods and services, which generally consists of import trade and export trade, so it can also be called import and export trade.

International trade is the main form of interconnection among countries (or regions) on the basis of international division of labor, which reflects the economic interdependence of countries (or regions) in the world and consists of the sum of foreign trade of countries. From a country's perspective, international trade is foreign trade.

According to the direction of commodity movement, international trade can be divided into

1. Import trade: introducing goods or services from other countries into the domestic market for sale.

2. Export trade: exporting domestic goods or services to other countries' markets for sale.

3. entrepot trade: the goods of country A are transported to the market of country B through the territory of country C, which is entrepot trade to country C. Because transit trade hinders international trade, WTO members do not engage in transit trade.

Extended data:

International trade in goods belongs to the category of commodity exchange, which is not different from domestic trade in nature, but because it is carried out between different countries or regions, it has the following characteristics compared with domestic trade:

1. International trade in goods involves possible differences and conflicts in policies, measures and legal systems of different countries or regions, as well as differences brought about by language, culture and social customs, and the issues involved are far more complicated than domestic trade.

2. International trade in goods is generally large in quantity, large in amount, long in transportation distance and long in performance time, and the risks borne by both parties to the transaction are far greater than those of domestic trade.

3. International trade in goods is easily influenced by the political and economic changes, bilateral relations and changes in the international situation in the countries where both parties to the transaction are located.

In addition to the two sides, international trade in goods also involves the cooperation and cooperation of transportation, insurance, banking, commodity inspection, customs and other departments, and the process is much more complicated than domestic trade.

Baidu encyclopedia-international trade