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Glossary of International Trade Terms

Glossary of International Trade Terms 2025

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The document is a comprehensive glossary of international trade terms, detailing key concepts and definitions related to Letters of Credit, shipping documents, and various responsibilities of parties involved in international transactions. It covers terms such as Acceptance Commission, Advising Bank, Air Waybill, Bill of Lading, Incoterms, and others that are essential for understanding the processes and documentation required in global trade.

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Which words is used in international trade?

Full list of words from this list: export. sell or transfer abroad. import. bring in from abroad. visible. capable of being seen or open to easy view. invisible. impossible or nearly impossible to see. surplus. a quantity much larger than is needed. protectionism. tariff. quota.

What are the global trade buzzwords?

Nearshoring, Friendshoring, Offshoring, Reshoring: Top 4 Global Trade Buzzwords Explained.

What are the terms of trade in international market?

Terms of trade (TOT) represent the ratio between a countrys export prices and its import prices. TOT indexes are defined as the value of a countrys total exports minus total imports. The ratio is calculated by dividing the price of the exports by the price of the imports and multiplying the result by 100.

What are the terminologies in international trade?

Here are some of the most common terms used in international trade and exports: Export: Selling goods or services produced in one country to another country. Import: Buying goods or services produced in one country from another country. Trade: The exchange of goods and services between two or more countries.

What are the 13 Incoterms?

Incoterms for Any Mode of Transport EXW (Ex Works) FCA (Free Carrier) CPT (Carriage Paid To) CIP (Carriage and Insurance Paid To) DAP (Delivered at Place) DPU (Delivered at Place Unloaded) DDP (Delivered Duty Paid) FAS (Free Alongside Ship)

What are the terms of trade in international business?

Terms of trade are defined as the ratio between the index of export prices and the index of import prices. If the export prices increase more than the import prices, a country has a positive terms of trade, as for the same amount of exports, it can purchase more imports.

What are trade terms?

Incoterms (also known as trade terms or terms of shipment) clarifies the tasks, responsibilities, risks, and costs involved in the delivery of goods in domestic and international trade.

Glossary of International Trade Terms 2025

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