countertrade

International barter in which one country agrees to import commodities from another country to which it exports commodities.

A trade between two countries by which goods are exchanged for other goods rather than for hard currency.

Investopedia Says:
Sometimes both parties are happy with the goods they receive; other times one country will liquidate the received asset, ultimately receiving cash in the deal. This is also referred to as "using barter to complete a trade."

The former Soviet Union would often countertrade, agreeing to trade, say, Soviet oil for another country's vehicles.

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A trading system under which a country will accept exports from another country if that country accepts its own goods in return. Countertrade makes trading easier for those countries lacking foreign exchange. It allows a nation to export goods for which world demand is low and is a way of buying in high technology.