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GCSE Geography · key term
The buying and selling of goods and services between countries.
Used by AQA, Edexcel and OCR
Paper 2
Revise: Global Relationships: Trade and International AidInternational trade creates opportunities, but also risks. Selling oil abroad brings revenue, yet dependence on oil leaves Nigeria vulnerable to fluctuating world oil prices. A fall in prices can reduce export earnings even if Nigeria continues to produce oil.
Specification 5.6 · Paper 2
The exchange of goods and services between countries.
Revise: International Trade and Aid PatternsInternational trade is the exchange of goods and services across national borders. Exports are sold abroad; imports are bought from abroad. The same shipment is an export for the selling country and an import for the buying country.
Specification 6.2b · Paper 2, Paper 3
The buying and selling of goods and services between countries. Exports are sold abroad; imports are bought from abroad.
Revise: Global Influences on DevelopmentThree important connections are international trade, investment by transnational corporations (TNCs), and international aid or debt relief. They work differently: trade earns income by selling goods and services; investment finances business activity; aid provides assistance; and debt relief reduces repayment obligations.
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