International trade is a global business that is carried among various countries. This type of trade is of major importance among the worldwide buyers and suppliers.
International trade means the business practices that are carried outside the boundaries of a country. This trade is conducted worldwide and any country can participate in it. Basically, this business takes place between manufacturers, suppliers and buyers from different countries, i.e., if the provider is from another country and the buyer are from another country. If the buyer and seller are the same country, then it can be called as an international business.
International trade is very useful for increasing the growth of a country as well. In addition, there are many other advantages of global business. It offers consumers a wider range than they can choose products, as well as facilitating the mobility of capital, technology and labor.
Export: Export is a type of trade where a country sells or supplies products and services to another country for business. We take the example of Japan delivering shoes in India. Here the exporting country is Japan and India is the importing country.
Import: The other type of world trade is the import, when a country buys goods and services abroad. In the above example, India is the importing country, as it has purchased of shoes from Japan.
Today international trade is growing on a rapid pace and thus gaining huge popularity. Globalization is the main reason for the popularity of international business. Today many companies have entered into global markets to achieve superior exposure and expand their businesses. But there are many companies who find it difficult to get a recognized name in such competitive era of globalization. Therefore, many B2B portals are also helping those businesses to promote their business on a wider platform.
These business portals or online business directory help enterprises to publicize their enterprises worldwide by advertising their products and services on websites. It also serves as a common platform where buyers and sellers can communicate, interact and do regular trade practices. Promoting your business through these portals help your business grows and expands worldwide. Therefore, this is one of the best ways to promote sales as well.