Merchandise Trade

Merchandise trade refers to the buying and selling of physical goods between countries. It includes exports, which are goods sent abroad, and imports, which are goods brought into a country. This trade affects a nation's economy, employment, and living standards. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. Merchandise trade is a key part of global commerce, illustrating how countries exchange tangible products like machinery, food, and clothing to meet their needs and wants.