define foreign trade ? Share with your friends Share 4 Vandana K. answered this Foreign trade is the trade between different countries of the world. It consists of imports, exports . The inflow of goods in a country is called import trade whereas outflow of goods from a country is called export trade. 18 View Full Answer Aishwarya Atakkatan answered this Foreign trade in simple words, is the exchange of goods and services between countries or, internationally. 5