Kahalgahan ng international trade

Import of unproduced products:

No country can’t produce every item that they need to consume in the world. With the help of
international trade, all countries are able to import their unproduced product with other countries.
Export of surplus product:
When a country produces a large number of goods than their needs, it can export its surplus
production with the help of international trade. Besides, those countries can earn foreign
currencies in these ways.
Dealing with emergencies:
When a country faces natural calamities like Tsunami, earthquake, cyclone, excessive rain, and
another disaster, then those countries need help to deal with emergencies. In that situation,
international trade helps by providing food, medicine, and other essential items to deal with
emergencies.
Importation of essential food product:
Underdeveloped countries face an excessive need for food, medicine, and other essential items
especially industrial goods. International trade helps other countries to feel up their basic demand
by exporting these items.
Expansion of the market:
Due to the poverty and low-income capacity of the people of underdeveloped countries, their
domestic market is limited. Besides, international trade expands the business market outside a
country.
Purchase of product at a low price:
Various countries can produce goods at a low cost having a comparative advantage. The
consumer also gets goods at a low price and consumes at a low price.
Increase capability:
The production capability of various countries is increased due to international trade. Besides,
there exists competition in the market because of international trade. That’s why every country is
trying to ensure tood quality of their product to survive in the market.
Increase international cooperation:
International trade increases the friendship and cooperation of various countries with each other.
Various countries build cultural cooperation by exchanging their goods with each other. As a
result, cooperation and friendship are built in various countries.