terms of trade

noun

Relative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices.

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Meanings

nounterms of trade pl (plural only)
  1. pluralplural onlyeconomicsRelative price of exports in terms of imports, defined as the ratio of weighted average export prices to weighted average import prices.

Translations

Finnish vaihtosuhde, ulkomaankaupan vaihtosuhde
  • vaihtosuhderatio export prices to import prices
  • ulkomaankaupan vaihtosuhderatio export prices to import prices
Cite this entry
APA

terms of trade. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/terms%20of%20trade

MLA

“terms of trade.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/terms%20of%20trade. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “terms of trade,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/terms%20of%20trade.

Source: terms of trade on Wiktionary, CC BY-SA 4.0.