Net barter terms of trade index (2015 = 100)

The index representing the net barter terms of trade is a critical economic indicator that reflects the relationship between a country's export and import prices over time, with the year 2015 serving as the reference point. This index showcases the percentage ratio of export unit value indexes to import unit value indexes, offering valuable insights into a nation's trade competitiveness. Calculated from data meticulously gathered and validated under UNCTAD's stringent quality assurance protocols, it incorporates both reported figures and estimates derived from prior trade values. By utilizing a sophisticated framework of average price indexes across three-digit product classifications, UNCTAD enhances data integrity and comprehensiveness, particularly for recent periods, thus enabling a more nuanced understanding of trade dynamics and informing policy decisions. Source: