Types of trade

1. Import trade 

When a businessman of a country buys some goods from the Businessman of another country it is called import Trade. For example: When India buys petroleum products from Iran it will be imported for India.

2. Export trade

When the trader of one country sells something to the trader of another country it is called export trade. For example: America sells cotton cloth to canada, it will be export trade for America.

3. Entreport trade

When a country imports some goods from another country and then exports the same goods to some third country it is known as entreport trade.

Home trade

Home trade

When the buying and selling of things take place within the national boundaries it is called home trade.

1. Local level trade

Local trade is limited to some villages, towns, district. This trade includes things of daily use and things of perishable nature, which can be fresh fruits, sweets, milk, vegetables etc.

2. State trade

When the trader start trading above the local level and trades on the state level. IT is called trade on the state level. For example A trade among the different districts like trade in coal, pulses, utensil etc.

3. Interstate trade

When trade is carried on among different states of the country it is called interstate trade. This class of trading includes those things which are produced in some particular state they may include sugar, cloth, machinery etc.