Foreign Trade

Foreign trade is the exchange of goods and services between one country and another. This trade consists of two main components: imports and exports:

• Import: A country sells goods or services to another country. Exports increase the country's foreign exchange income and contribute to its economy.
• Export: A country purchases goods or services from another country. Imports allow the country to obtain the products it needs and provide consumers with more choices.

The contributions of foreign trade to the economy are as follows:

• Economic Growth: Foreign trade makes significant contributions to economic growth. Countries can grow their economies by increasing their production capacity and finding new markets.
• Competition and Productivity: International trade increases competition, which encourages local firms to be more efficient and innovative.
• Efficient Use of Resources: Countries produce and export the products they specialize in by using their natural resources and workforce in the most efficient way.
• Price Stability: Foreign trade helps stabilize prices as it ensures supply-demand balance.

The role and importance of foreign trade in the global economy is gradually increasing. Economic relations, trade volumes and policies between countries determine the dynamics of this field.

Mahmut Automotive Textile Import Export Ltd. Co. We are moving towards becoming a brand in the world market.