terms of trade

British

plural noun

economics 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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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terms of trade

How much this boosts imports will become clearer in the coming months, says Singh, though he sees momentum building ahead of the new terms of trade taking effect.

From BBC ● Jul. 14, 2026

“The rise in oil price will likely deteriorate the terms of trade for many of the Asian economies,” Lui says.

From Barron's ● Apr. 2, 2026

Despite its impact on corporate profits, Yamaji said the yen’s sharp depreciation in recent years has deteriorated terms of trade for Japan as it needs to import food and energy.

From The Wall Street Journal ● Dec. 4, 2025

Nigeria harbors Africa’s largest crypto economy in terms of trade volume with many citizens using crypto to hedge their finances against surging inflation and the declining local currency.

From Seattle Times ● Apr. 4, 2024

Declining terms of trade, weather-related setbacks, and relentless growth in population have held back overall growth and left per capita incomes stagnant, if not diminished.

From The 1994 CIA World Factbook by United States. Central Intelligence Agency

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023