International Trade and Industry Performance

International trade refers to the exchange of goods and services between countries, allowing them to access products they cannot produce efficiently themselves. Industry performance reflects how well a country’s businesses operate, typically measured by productivity, profitability, and growth. Strong international trade enhances industry performance by expanding markets for local businesses, driving innovation, and increasing competition. Conversely, an efficient industrial sector boosts a country's exports and makes it more attractive to trade partners. Together, these factors contribute to economic growth and development, impacting jobs, investment, and overall prosperity for the nation.