<P> Intra-industry trade refers to the exchange of similar products belonging to the same industry . The term is usually applied to international trade, where the same types of goods or services are both imported and exported . </P> <P> Examples of this kind of trade include automobiles, foodstuffs and beverages, computers and minerals . </P> <P> Europe exported 2.6 million motor vehicles in 2002, and imported 2.2 million of them . Japan exported 4.7 million vehicles in 2002 (1 million of which went to Europe, and 2 million to North America), and imported 0.3 million . </P>

Difference between inter industry trade and intra industry trade