intermediate goods
noun[plural]
ukusPRODUCTION
productsthat are made during amanufacturingprocessbut that are also used in theproductionof othergoods. Wood,steel, andsugarare allexamplesofintermediategoods:
AsubstantialproportionofimportedrawmaterialsandintermediategoodsaresourcedinAsiaandexportedasfinishedgoodsto the US andEurope.