Terms of trade - Country rankings

* indicates monthly or quarterly data series

Terms of trade, base year = 2000, 2020 - Country rankings:

The average for 2020 based on 188 countries was 117.11 percent.The highest value was in Nicaragua: 277.88 percent and the lowest value was in Sierra Leone: 47.47 percent. The indicator is available from 1980 to 2020. Below is a chart for all countries where data are available.

Measure: percent; Source: The United Nations
Select indicator
* indicates monthly or quarterly data series


Countries Terms of trade, 2020 Global rank Available data
Nicaragua 277.88 1 1980 - 2020
Haiti 267.6 2 1980 - 2020
Guatemala 235.86 3 1980 - 2020
Chile 223.96 4 1980 - 2020
Sudan 207.59 5 1980 - 2020
Mali 207.54 6 1980 - 2020
Tanzania 200.31 7 1987 - 2020
Australia 194.44 8 2000 - 2020
Burundi 191.66 9 1980 - 2020
Ghana 189.71 10 1980 - 2020
Uzbekistan 188.14 11 2000 - 2020
Liberia 186.51 12 1980 - 2020
Suriname 185.98 13 2000 - 2020
Peru 185.51 14 1980 - 2020
N. Caledonia 185.16 15 2000 - 2020
Afghanistan 183.3 16 2000 - 2020
Rwanda 178.76 17 1980 - 2020
Mauritania 176.48 18 1980 - 2020
Papua N.G. 173.7 19 2000 - 2020
Mongolia 173 20 2000 - 2020
Zambia 172.4 21 1980 - 2020
Burkina Faso 171.5 22 1980 - 2020
Panama 170.47 23 1980 - 2020
Niger 169.99 24 1980 - 2020
R. of Congo 169.23 25 1980 - 2020
Honduras 167.95 26 1980 - 2020
South Africa 165.35 27 1980 - 2020
Ivory Coast 157.84 28 1980 - 2020
Guyana 154.59 29 2000 - 2020
UA Emirates 153.96 30 2000 - 2020
Malta 153.84 31 2000 - 2020
Kyrgyzstan 152.26 32 2000 - 2020
New Zealand 152.17 33 2000 - 2020
Argentina 152.16 34 1980 - 2020
Egypt 150.93 35 1980 - 2020
Georgia 149.99 36 2000 - 2020
Syria 145.94 37 2000 - 2020
Venezuela 144.19 38 1980 - 2020
Armenia 139.8 39 2000 - 2020
Iran 137.46 40 2000 - 2020
Vietnam 137.08 41 2000 - 2020
Namibia 134.11 42 1980 - 2020
Gabon 132.56 43 1980 - 2020
Ethiopia 132.54 44 1981 - 2020
Kazakhstan 131.76 45 2000 - 2020
Algeria 131.75 46 1980 - 2020
Bhutan 127.79 47 2000 - 2020
Bahrain 127.31 48 2000 - 2020
Tr.&Tobago 126.53 49 1980 - 2020
Yemen 126.53 50 2000 - 2020
Uruguay 126.27 51 1980 - 2020
Paraguay 125.6 52 1980 - 2020
Uganda 125.14 53 1982 - 2020
Cameroon 124.78 54 1980 - 2020
Kiribati 124.04 55 2000 - 2020
Belize 124.01 56 2000 - 2020
Russia 123.48 57 2000 - 2020
Mauritius 123.25 58 1980 - 2020
Benin 121.61 59 1980 - 2020
Lebanon 121.42 60 2000 - 2020
Aruba 121.04 61 2000 - 2020
Zimbabwe 120.91 62 1980 - 2020
Domin. Rep. 120.47 63 1980 - 2020
Togo 118.58 64 1980 - 2020
Sri Lanka 117.09 65 1980 - 2020
Colombia 116.27 66 1980 - 2020
Serbia 116 67 2000 - 2020
Brazil 115.62 68 1980 - 2020
Nigeria 115.48 69 1980 - 2020
Bulgaria 114.88 70 2000 - 2020
Ecuador 114.57 71 1980 - 2020
Senegal 114.32 72 1980 - 2020
Guinea 113.73 73 1986 - 2020
St. Vincent & ... 113.64 74 2000 - 2020
Indonesia 113.44 75 1981 - 2020
Morocco 113.44 76 1980 - 2020
Barbados 112.2 77 2000 - 2020
Faroe Isl. 111.94 78 2000 - 2020
Saint Lucia 111.94 79 2000 - 2020
S.T.&Principe 111.4 80 1986 - 2020
Angola 111.11 81 1985 - 2020
Fiji 110.38 82 1980 - 2020
Dominica 110.06 83 2000 - 2020
Maldives 109.96 84 2000 - 2020
Latvia 109.27 85 2000 - 2020
Cape Verde 109.19 86 1980 - 2020
Romania 109.16 87 2000 - 2020
Gambia 109.01 88 1980 - 2020
Brunei 108.56 89 2000 - 2020
Eq. Guinea 107.77 90 1985 - 2020
Italy 107.66 91 2000 - 2020
Malaysia 107.41 92 1980 - 2020
Bosnia & Herz. 107.2 93 2000 - 2020
Hungary 107.1 94 2000 - 2020
Bolivia 107.01 95 1980 - 2020
DR Congo 106.95 96 1980 - 2020
Israel 106.86 97 2000 - 2020
Tonga 106.79 98 2000 - 2020
Kenya 106.11 99 1980 - 2020
Laos 105.91 100 2000 - 2020
Eritrea 105.89 101 1992 - 2020
Czechia 105.61 102 2000 - 2020
Kuwait 105.42 103 2000 - 2020
India 105.1 104 1980 - 2020
Djibouti 104.95 105 2000 - 2020
Micronesia 104.7 106 2000 - 2020
Oman 104.66 107 2000 - 2020
Denmark 104.4 108 2000 - 2020
Vanuatu 103.97 109 2000 - 2020
Tunisia 103.69 110 1980 - 2020
Thailand 102.36 111 1980 - 2020
Palau 102.27 112 2000 - 2020
Germany 101.81 113 2000 - 2020
Swaziland 101.52 114 1980 - 2020
Costa Rica 101.26 115 1980 - 2020
Qatar 100.92 116 2000 - 2020
Poland 100.72 117 2000 - 2020
Lithuania 100.66 118 2000 - 2020
USA 100 119 1980 - 2020
Canada 99.67 120 2000 - 2020
Slovenia 99.64 121 2000 - 2020
Estonia 98.41 122 2000 - 2020
El Salvador 98.2 123 1980 - 2020
Somalia 97.86 124 2000 - 2020
Grenada 97.61 125 2000 - 2020
Hong Kong 97.52 126 1980 - 2020
Turkey 97.33 127 1980 - 2020
G.-Bissau 97.31 128 1980 - 2020
Malawi 97.28 129 1980 - 2020
Belarus 96.91 130 2000 - 2020
Belgium 96.25 131 2000 - 2020
Iraq 96.14 132 2000 - 2020
Croatia 95.87 133 2000 - 2020
Slovakia 95.73 134 2000 - 2020
Albania 95.61 135 2000 - 2020
Portugal 94.77 136 2000 - 2020
North Macedonia 93.89 137 2000 - 2020
Spain 93.8 138 2000 - 2020
Chad 93.65 139 1980 - 2020
Netherlands 93.54 140 2000 - 2020
Azerbaijan 92.9 141 2000 - 2020
Tajikistan 92.72 142 2000 - 2020
Libya 92.19 143 1982 - 2020
Bermuda 92.05 144 2000 - 2020
Sweden 91.87 145 2000 - 2020
Ireland 91.73 146 2000 - 2020
China 91.62 147 1980 - 2020
UK 91.15 148 2000 - 2020
Mexico 90.6 149 1980 - 2020
Solomon Isl. 90.21 150 1980 - 2020
Finland 89.64 151 2000 - 2020
France 89.59 152 2000 - 2020
Mozambique 89.56 153 1980 - 2020
Norway 89.21 154 2000 - 2020
Ukraine 88.58 155 2000 - 2020
Nepal 87.81 156 2000 - 2020
Burma 86.86 157 1981 - 2020
Austria 86.66 158 2000 - 2020
Saudi Arabia 86.5 159 2000 - 2020
Turkmenistan 85.85 160 2000 - 2020
Greece 85.65 161 2000 - 2020
Botswana 85.38 162 1980 - 2020
Macao 84.47 163 2000 - 2020
Samoa 84.29 164 2000 - 2020
Palestine 84.02 165 2000 - 2020
Jamaica 82.61 166 2000 - 2020
Cyprus 82.1 167 2000 - 2020
Philippines 82.02 168 1980 - 2020
Moldova 81.49 169 2000 - 2020
Iceland 80.2 170 2000 - 2020
Singapore 79.91 171 1980 - 2020
Lesotho 78.64 172 1980 - 2020
Bahamas 77.62 173 2000 - 2020
Jordan 75.98 174 1980 - 2020
Seychelles 75.48 175 1985 - 2020
Ant.& Barb. 75 176 2000 - 2020
Cambodia 73.69 177 2000 - 2020
North Korea 71.33 178 2000 - 2020
Japan 71 179 2000 - 2020
Comoros 70.71 180 1980 - 2020
Luxembourg 70.34 181 2000 - 2020
C.A. Republic 69.91 182 1980 - 2020
Bangladesh 68.33 183 1980 - 2020
Madagascar 63.78 184 1980 - 2020
Pakistan 56.62 185 1980 - 2020
South Korea 56.05 186 1980 - 2020
Gibraltar 55.37 187 2000 - 2020
Sierra Leone 47.47 188 2000 - 2020


Economic outlook

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.
1. Nicaragua
2. Haiti
3. Guatemala
4. Chile
5. Sudan
6. Mali
7. Tanzania
8. Australia
9. Burundi
10. Ghana
11. Uzbekistan
12. Liberia
13. Suriname
14. Peru
15. N. Caledonia
16. Afghanistan
17. Rwanda
18. Mauritania
19. Papua N.G.
20. Mongolia
21. Zambia
22. Burkina Faso
23. Panama
24. Niger
25. R. of Congo
26. Honduras
27. South Africa
28. Ivory Coast
29. Guyana
30. UA Emirates
31. Malta
32. Kyrgyzstan
33. New Zealand
34. Argentina
35. Egypt
36. Georgia
37. Syria
38. Venezuela
39. Armenia
40. Iran
41. Vietnam
42. Namibia
43. Gabon
44. Ethiopia
45. Kazakhstan
46. Algeria
47. Bhutan
48. Bahrain
49. Tr.&Tobago
50. Yemen
51. Uruguay
52. Paraguay
53. Uganda
54. Cameroon
55. Kiribati
56. Belize
57. Russia
58. Mauritius
59. Benin
60. Lebanon
61. Aruba
62. Zimbabwe
63. Domin. Rep.
64. Togo
65. Sri Lanka
66. Colombia
67. Serbia
68. Brazil
69. Nigeria
70. Bulgaria
71. Ecuador
72. Senegal
73. Guinea
74. St. Vincent & ...
75. Indonesia
76. Morocco
77. Barbados
78. Faroe Isl.
79. Saint Lucia
80. S.T.&Principe
81. Angola
82. Fiji
83. Dominica
84. Maldives
85. Latvia
86. Cape Verde
87. Romania
88. Gambia
89. Brunei
90. Eq. Guinea
91. Italy
92. Malaysia
93. Bosnia & Herz.
94. Hungary
95. Bolivia
96. DR Congo
97. Israel
98. Tonga
99. Kenya
100. Laos
101. Eritrea
102. Czechia
103. Kuwait
104. India
105. Djibouti
106. Micronesia
107. Oman
108. Denmark
109. Vanuatu
110. Tunisia
111. Thailand
112. Palau
113. Germany
114. Swaziland
115. Costa Rica
116. Qatar
117. Poland
118. Lithuania
119. USA
120. Canada
121. Slovenia
122. Estonia
123. El Salvador
124. Somalia
125. Grenada
126. Hong Kong
127. Turkey
128. G.-Bissau
129. Malawi
130. Belarus
131. Belgium
132. Iraq
133. Croatia
134. Slovakia
135. Albania
136. Portugal
137. North Macedonia
138. Spain
139. Chad
140. Netherlands
141. Azerbaijan
142. Tajikistan
143. Libya
144. Bermuda
145. Sweden
146. Ireland
147. China
148. UK
149. Mexico
150. Solomon Isl.
151. Finland
152. France
153. Mozambique
154. Norway
155. Ukraine
156. Nepal
157. Burma
158. Austria
159. Saudi Arabia
160. Turkmenistan
161. Greece
162. Botswana
163. Macao
164. Samoa
165. Palestine
166. Jamaica
167. Cyprus
168. Philippines
169. Moldova
170. Iceland
171. Singapore
172. Lesotho
173. Bahamas
174. Jordan
175. Seychelles
176. Ant.& Barb.
177. Cambodia
178. North Korea
179. Japan
180. Comoros
181. Luxembourg
182. C.A. Republic
183. Bangladesh
184. Madagascar
185. Pakistan
186. South Korea
187. Gibraltar
188. Sierra Leone
277.88
267.60
235.86
223.96
207.59
207.54
200.31
194.44
191.66
189.71
188.14
186.51
185.98
185.51
185.16
183.30
178.76
176.48
173.70
173.00
172.40
171.50
170.47
169.99
169.23
167.95
165.35
157.84
154.59
153.96
153.84
152.26
152.17
152.16
150.93
149.99
145.94
144.19
139.80
137.46
137.08
134.11
132.56
132.54
131.76
131.75
127.79
127.31
126.53
126.53
126.27
125.60
125.14
124.78
124.04
124.01
123.48
123.25
121.61
121.42
121.04
120.91
120.47
118.58
117.09
116.27
116.00
115.62
115.48
114.88
114.57
114.32
113.73
113.64
113.44
113.44
112.20
111.94
111.94
111.40
111.11
110.38
110.06
109.96
109.27
109.19
109.16
109.01
108.56
107.77
107.66
107.41
107.20
107.10
107.01
106.95
106.86
106.79
106.11
105.91
105.89
105.61
105.42
105.10
104.95
104.70
104.66
104.40
103.97
103.69
102.36
102.27
101.81
101.52
101.26
100.92
100.72
100.66
100.00
99.67
99.64
98.41
98.20
97.86
97.61
97.52
97.33
97.31
97.28
96.91
96.25
96.14
95.87
95.73
95.61
94.77
93.89
93.80
93.65
93.54
92.90
92.72
92.19
92.05
91.87
91.73
91.62
91.15
90.60
90.21
89.64
89.59
89.56
89.21
88.58
87.81
86.86
86.66
86.50
85.85
85.65
85.38
84.47
84.29
84.02
82.61
82.10
82.02
81.49
80.20
79.91
78.64
77.62
75.98
75.48
75.00
73.69
71.33
71.00
70.71
70.34
69.91
68.33
63.78
56.62
56.05
55.37
47.47
0
69.5
138.9
208.4
277.88
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