what is external trade?

what is external trade?

Trade done outside the country- as divergent to internal trade. Exports, serevices done for foreign countries is called as external trade.
International trade is the exchange of produce and services across international boundaries or territories. In most countries, it represents a significant share of GDP. While international trade have been present throughout much of history (see Silk Road, Amber Road), its monetary, social, and political importance have been on the rise within recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all have a major impact. Increasing international trade is the primary gist of "globalization".