What is the meaning of Terms of trade?

Terms of trade is the weighted average of a nation's export prices relative to its import prices.

Barry Goldsmith
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APABarry Goldsmith. (2010). terms of trade. Retrieved September 22, 2026, from http://smartdefine.org/terms_of_trade/definitions/1165100
ChicagoBarry Goldsmith. 2010. "terms of trade" http://smartdefine.org/terms_of_trade/definitions/1165100 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, terms of trade, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/terms_of_trade/definitions/1165100>.
MLABarry Goldsmith. "terms of trade" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/terms_of_trade/definitions/1165100>