International trade is the exchange of goods and services between countries. International business encompasses all commercial transactions crossing borders — including trade, but also investment, operations, licensing, and global strategy. Trade is a subset of international business.
International Business vs International Trade International trade and international business are frequently confused, but they refer to distinct — if overlapping — concepts. International trade is the exchange of goods and services across national borders. International business is the broader set of all commercial transactions that cross borders, including trade but also foreign direct investment, licensing, franchising, global supply chain management, and the operations of multinational corpor