GLOBAL TRADE
Export Trade
This involves a country or business selling goods or services to another country.
For example, when a nation produces products and ships them abroad to foreign markets, it is engaging in export trade.
Import Trade
This is the opposite of export trade, where a country or business buys goods or services from another country.
Imports bring foreign products into the local market.
Entrepot Trade
This type involves a country or port acting as an intermediary hub where goods are imported, stored, and then re-exported to other destinations.
It is common in strategic trading hubs that facilitate global commerce.
Trade in Goods and Services
International trade is not limited to physical products. It also includes services such as tourism, banking, consulting, and transportation.
These services are traded globally alongside goods like food, clothing, machinery, and raw materials.
Capital Goods and Raw Materials Trade
Countries trade capital goods (machinery, equipment) and raw materials (oil, minerals, agricultural products) to support their industries and economies.
Financial and Investment Linkages
Beyond goods and services, international liaisoning also involves foreign financial investments, multinational corporations operating across borders, and foreign employees contributing to economic ties.