Updated January 2024
Most countries trade with others in order to acquire what they need and help their economies expand. Canadians aren’t limited to home-grown products and markets; we can sell domestic goods abroad and bring in items from foreign countries.
So just what does the process involve? This post describes the three main types of international trade: import, export, and entrepot. Keep reading to learn more about each type of trade and see how they work together in the global supply chain.