1. International trade transactions in which goods or services are exchanged directly for other goods or services, rather than for money.
Usage: plural form; business/commerce term

1. To engage in the exchange of goods or services without using currency as the medium of exchange.
Usage: third person singular present or plural present

Examples

• The two countries negotiated countertrades to exchange agricultural products for manufactured goods.
• Many developing nations use countertrades to acquire technology without depleting foreign currency reserves.
• The company countertrades its surplus inventory for raw materials needed in production.
• Countertrades became more common during periods of currency shortage and economic instability.
• The agreement countertrades machinery for agricultural exports between the two trading partners.