Invisible trade refers to trade in

Invisible trade refers to the trade in services that are not physically tangible or visible. These services include things like transportation, tourism, banking, insurance, consulting, and other types of services. Unlike visible trade, which involves the physical movement of goods, invisible trade involves the exchange of intangible services between countries. Invisible trade is an important component of international trade as it enables countries to trade services that they may not be able to produce domestically or can produce at a lower cost.