Foreign trade is a simple idea at its core countries buy and sell goods and services across borders. But it works in different ways, and understanding its types and features makes it much easier to grasp. This blog present by Fema Expert . Types of Foreign Trade There are three main types of foreign trade , based on how goods move between countries. Import trade is when a country buys goods or services from another country. The goods move from a foreign country into the home country. For example, when India buys machinery or electronics from other nations, it is import trade. Export trade is the opposite. It happens when a country sells goods or services to other countries. The goods move from the home country to foreign markets. For instance, when India sells textiles, spices, or software services abroad, it is export trade. Entrepot trade (re-export trade) is slightly different. In this case, a country imports goods from one country and then exports them to anothe...