Meaning & use

overseas trade

noun·Everyday

Last updated

UK/ˌəʊvəsiːz ˈtreɪd/
US/ˌoʊvərsiːz ˈtreɪd/

Meaning

  1. noununcountable

    the business of buying and selling goods with other countries, especially those across the sea.

    Grammar: Uncountable: talk about the amount of overseas trade, not 'an overseas trade'.

    Patterns

    • overseas trade with a country
    • overseas trade in something
    • increase overseas trade

    The port has handled overseas trade for centuries.

    Tariffs can make overseas trade more expensive for everyone.

    The government wants to expand overseas trade with Asia.

Common combinations

overseas trade with
Overseas trade with neighboring countries grew last year.
expand overseas trade
The company plans to expand overseas trade into new markets.
overseas trade in
Overseas trade in coffee is important to the region.
overseas trade policy
The new overseas trade policy lowers import taxes.

Synonyms and how they differ

foreign trade
Very close in meaning, but foreign trade is more common in official and academic writing.
international trade
Broader: it includes trade between all countries, not only those across the sea.
export
Focuses on selling goods out of a country, while overseas trade can mean both buying and selling.

Opposites

domestic trade

Word family

trade noun
The general activity of buying and selling goods and services.
trade verb
To buy and sell goods, often with another country.
trader noun
A person or company that buys and sells goods.

Commonly confused: overseas trade or foreign trade?

overseas trade vs foreign trade

Often used in the same way, but foreign trade is the standard term in economics and government reports.

Practice

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