countertrade
/ˈkaʊntərˌtreɪd/
noun
- A type of international trade in which goods or services are exchanged for other goods or services instead of money.
- The two companies engaged in a countertrade, swapping steel for oil.
- Countertrade is common when countries have limited access to foreign currency.
- The deal involved a countertrade of agricultural products for machinery.
verb
- To engage in countertrade; to exchange goods or services directly without using money.
- The nations agreed to countertrade raw materials for finished goods.
- Many small businesses countertrade to enter new markets.
- They countertraded their surplus grain for electronics.