merchandise vs trade good

merchandise and trade good both are nouns.

Word	Noun	Adjective	Verb	Adverb
merchandise	Yes	No	Yes	No
trade good	Yes	No	No	No

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

merchandise: items for sale to the individual consumer
trade good: a raw material that is sold in large quantities, usually to other businesses for manufacturing or production purposes

Other hypernyms of merchandise include commodity, good.

merchandise (noun)	trade good (noun)
items for sale to the individual consumer	a raw material that is sold in large quantities, usually to other businesses for manufacturing or production purposes
branded products meant to promote another product, especially films and pop groups

merchandise (verb)	trade good (verb)
engage in the trade of