Terms of trade
Term · Economic statistics · MLC-T-ECS-001923
The relative price for exports in terms of import prices for a specific country, region, or grouping.
Note: The terms of trade index is the ratio (multiplied by a hundred) of the all-export price index for a country, region, or grouping divided by the corresponding all-import price index.
| Identifier | MLC-T-ECS-001923 |
|---|---|
| Field | Economic statistics |
| References | BLS Glossary |
Record as JSON
{
"id": "MLC-T-ECS-001923",
"term": "Terms of trade",
"field": "Economic statistics",
"definition": "The relative price for exports in terms of import prices for a specific country, region, or grouping.\n\nNote: The terms of trade index is the ratio (multiplied by a hundred) of the all-export price index for a country, region, or grouping divided by the corresponding all-import price index.",
"references": [
"BLS Glossary"
],
"url": "https://mlchart.com/terminology/economic-statistics/terms-of-trade/"
}
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