What are benefits of international trade?

International trade is the process of exchanging goods between countries through trade for the maximum economic purpose. Trade in goods is a form of socio-economic relations and reflects the interdependence between individual producers and traders of goods. International trade is an important area to enable countries to participate in international labor division, economic development and enrichment for the country.

Every country benefits when it comes to assigning international labor, because: developing foreign trade allows the expansion of a country's consumer power. The main reason is the specialization of certain products in return for imports from other countries through international trade.

Countries that have absolute advantage over other countries, or have absolute absolute disadvantages compared to other countries, are still able and beneficial to participate in the division of labor and internationally, since each country all have certain comparative advantages in some items and some are less certain comparative advantages in some other items.