fancy goods vs trade good

fancy goods and trade good both are nouns.

Word	Noun	Adjective	Verb	Adverb
fancy goods	Yes	No	No	No
trade good	Yes	No	No	No

As nouns, trade good is a hypernym of fancy goods; that is, trade good is a word with a broader meaning than fancy goods:

fancy goods: goods that are chiefly ornamental
trade good: a raw material that is sold in large quantities, usually to other businesses for manufacturing or production purposes

Other hypernyms of fancy goods include commodity, good.

fancy goods (noun)	trade good (noun)
goods that are chiefly ornamental	a raw material that is sold in large quantities, usually to other businesses for manufacturing or production purposes