International trade vs. domestic trade: what’s the difference?

The difference between domestic trade and international trade is simple: international trade is between a buyer and seller from two different countries, and domestic trade is between a buyer and seller located in the same country.

Domestic trade is a bit simpler than international trade because it only requires following the laws and guidelines of one country, and international trade is a bit more complicated since it involves adhering to the rules and restrictions of multiple jurisdictions.

Although it is a bit more complex, international trade creates more opportunities than domestic trade. It opens a seller up to larger pools of buyers, which is an excellent benefit in and of itself.

5 reasons why you should shift to international trade

There are many reasons why B2B suppliers should consider selling to international buyers. Generally, the opportunities for growth are seemingly endless.

Let’s take a look at 5 specific reasons why a supplier might shift from domestic trade to international trade.