English Dictionary

Definition of “terms of trade”

terms of trade

(economics, British) the ratio of export prices to import prices. It measures a nation's trading position, which improves when export prices rise faster or fall slower than import prices

Improved productivity in Western agriculture emphasized the fact that, for Latin America, the terms of trade were becoming unfavourable.

Harrison, David The Sociology of Modernization and Development

Says Siddharth Kapur, 36, Vice-President, Petronet: "In terms of trade volumes, the euro will be bigger than the US dollar in the long run.

Business Today (1999)

This situation went back a long way because beef producers had endured declining terms of trade for 20, 30 or even 40 years.

Misc (1995)

We had left them with too little education, no infrastructure, and unbalanced terms of trade.

Times, Sunday Times (2001)

`If broadcasters stick to historic prices and offer better terms of trade it will work.

Times, Sunday Times (2004)

`The main reason for this is a projected decline in the terms of trade.

Misc (1998)

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