English Lexicon

Global Trade

/ˈɡloʊ.bəl treɪd/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The exchange of goods and services between countries on a worldwide scale.

    "Global trade has increased significantly due to advancements in technology and transportation."
  2. 2

    The economic activity that involves the import and export of products across international borders.

    "Many countries rely on global trade to boost their economies and provide goods that are not available domestically."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'global' originates from the Latin word 'globus', meaning 'sphere' or 'ball', which evolved in the 14th century to denote worldwide scope. 'Trade' comes from the Old English 'træd', meaning 'path' or 'track', which has been used since the 14th century to refer to the exchange of goods and services.

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