New Caledonia: Terms of trade

* indicates monthly or quarterly data series
 New Caledonia

Terms of trade, base year = 2000

 Latest value 185.16
 Reference 2020
 Measure percent
 Source The United Nations

For that indicator, we provide data for New Caledonia from 2000 to 2020. The average value for New Caledonia during that period was 164.61 percent with a minimum of 91.83 percent in 2001 and a maximum of 234.72 percent in 2010. The latest value from 2020 is 185.16 percent. For comparison, the world average in 2020 based on 188 countries is 117.11 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


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Longer historical series

The terms of trade for New Caledonia are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.

Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights.
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