Part of the circulation sphere of the reproduction process of a country where goods cross its borders.
Special sector of the national economy of each country, which includes trade in goods and services -productive and unproductive- with the exterior, made up of imports and exports. Part of the circulation sphere of the reproduction process of a country where goods cross its borders.
- Realization of goods and services
- Change in the material composition of the product
- Distribution of national income in accumulation and consumption
They depend on a small number of products for their exports, generally primary products.
They export their goods to a small number of developed countries.
It refers to the commercial relations that the countries establish among themselves, at the level of the world economy. Exchange of goods and services between national economies. Network of exchanges generated by the COMEX group of all countries. International circulation of goods and services.
Internal trade It is a sector of the national economy of each country. Movement of goods and services to and from outside of each country.
International Trade – Relationship that countries establish among themselves, at the level of the world economy. – It is one of the types of international economic relations.
International Trade Trends
- Trade in goods more dynamic than world GDP 2. Dominance of oligopolistic structure in the MM 3. Relevance of intra-firm trade 4. Important weight of intra-industry trade 5. Concentration of trade (geographic and composition) 6. Intraregional trade higher than extraregional 7. Significant participation in trade in services 8. Expansion of electronic commerce 9. Volatility in commodity prices 10. Rise of protectionist measures 11. Expansion of south-south trade 12. Leading role in the multilateral trading system.