another online source notes that foreign trade is nothing but trade between the different countries of the wold. it is also called international trade, external trade or inter-regional trade. it consists of imports, export and entrepot. the inflow of good in a country is called import trade whereas outflow of good from a country is called export trade. many times good are imported for the puepose of re-export after some processing operations. this is called entrepot trade. foreign trade basically takes places for mutual satisfaction of wants and utilities of resources.