Terms of Trade

The terms of trade (TOT) is the relative price of exports in terms of imports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods. An improvement of a nation's terms of trade benefits that country in the sense that it can buy more imports for any given level of exports. The terms of trade may be influenced by the exchange rate because a rise in the value of a country's currency lowers the domestic prices of its imports …

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Publications

ORF: Observer Research Foundation · 15 November 2024 English

Editor’s Note The climate crisis has evolved from a looming threat to an undeniable reality that demands immediate attention. The compounding and cascading effects of climate-induced extreme weather events are …

factors, including climate change, evolving terms of trade, technological progress, and changes to demand


IADB: Inter-American Development Bank · 14 November 2024 English

El Monitor de Comercio e Integración 2024 analiza la evolución de América Latina y el Caribe en el nuevo contexto global, comparando la región con el resto del mundo y …

Methodological Annex 2: Price, Volume, and Terms of Trade Indices . . . . . . . . . . . . 105 Methodological particularly from South America. • The region’s terms of trade continued to improve (2.7%) as import prices both 2023 and the first half of 2024, LA’s terms of trade improved in both periods (Figure 9). However Brazil: after a near stagnation in 2023 (0.2%), terms of trade increased by 4.7% in the first half of 2024 the contraction of export prices was slowing. Terms of trade also improved in the rest of South America


World Bank Group · 14 November 2024 English

The Tunisian economy experienced a modest growth of 0.6 percent in the first half of 2024, following zero growth in 2023. By the end of 2024, Tunisia is projected to …

and Import Products Highlight the Improving Terms of Trade in 2024 . . . . . . . . . . . . .7 Figure 12 and Import Products Highlight the Improving Terms of Trade in 2024 . . . . . . . . . . . . .9 Figure 16 deficit shrank by two third after the adverse terms of trade shock due to the war in Ukraine in 2022. The ones in Tuni- sia, benefited from improving terms of trade. In the first six months of 2024, average provide an illustration of the more benign terms of trade in the first six months of 2024 (figure 10)


ADB: Asian Development Bank · 13 November 2024 English

This paper explores how oil price windfalls impact labor market regulation across 83 countries from 1970 to 2014.

are an almost mechanical consequence of the terms of trade shock, and in democracies, they are even reversed


EPRS: European Parliamentary Research Service · 13 November 2024 English

Mihály Varga, Minister of Finance and Deputy Prime Minister, of Hungary is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Hungarian Presidency …

weaker private consumption and improvements in terms of trade, but the deficit remains large and is not forecasted


SUERF: SUERF The European Money and Finance Forum · 12 November 2024 English

SUERF Policy Brief, No 1025 1 Is the lack of public money the reason for Europe lagging behind? There Was a Turning Point in the Early 2000s? When comparing the …

indicator that highlights this relationship is the terms of trade (the ratio of export prices to import prices)


World Bank Group · 12 November 2024 English

The Tunisian economy experienced a modest growth of 0.6 percent in the first half of 2024, following zero growth in 2023. By the end of 2024, Tunisia is projected to …

and Import Products Highlight the Improving Terms of Trade in 2024 . . . . . . . . . . . . .7 Figure 12 and Import Products Highlight the Improving Terms of Trade in 2024 . . . . . . . . . . . . .9 Figure 16 deficit shrank by two third after the adverse terms of trade shock due to the war in Ukraine in 2022. The ones in Tuni- sia, benefited from improving terms of trade. In the first six months of 2024, average provide an illustration of the more benign terms of trade in the first six months of 2024 (figure 10)


EPRS: European Parliamentary Research Service · 11 November 2024 English

The paper seeks to assess the current monetary policy stance of the European Central Bank (ECB). To do so, it analyses factors driving the inflation dynamics in the euro area …

Figure 2: Gas Prices: US vs EA 11 Figure 3: Terms of Trade: US vs EA 11 Figure 4: Global Supply Chain adjustments caused by the war represented a positive terms- of-trade shock for the United States and a negative and other commodities represented a negative terms-of-trade shock for European countries, which sharply sharply contrasts with the positive terms-of-trade shock experienced by the United States, as illustrated positive driver of export demand. Figure 3: Terms of Trade: US vs EA 88 93 98 103 108 113 2013 2014 2015


ORF: Observer Research Foundation · 11 November 2024 English

Introduction The year 2015 was a landmark year in the history of international development, with the adoption of the Sustainable Development Goals (SDGs)— [a] the first global attempt to set …

comprise the largest economies of the world in terms of trade and GDP, the grouping’s legitimacy has grown


IMF: International Monetary Fund · 8 November 2024 English

Colombia is deeply committed to climate change policies, as evidenced by Law N° 1931 (2018), which outlines actions to adapt to climate change and reduce greenhouse gas emissions, aiming to …

natural resources on production, income, labor, terms of trade, etc. can be derived from the SUTs. 5. Environment


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