terms of trade



  • plural noun the ratio of a country’s import prices to export prices


  • plural noun the difference between a country’s exports and imports
  • acronymTOT
    (written as Terms of trade)
  • terms of trade

Health Economics

  • (written as Terms of Trade)
    The ratio of an index of a jurisdiction's export price index to its import price index. The terms of trade are said to 'improve' if weighted export prices rise faster or fall more slowly than weighted import prices.

Media Studies

  • noun the rate of exchange for goods or services being imported and exported between two countries

General English