Belgium - Net barter terms of trade index

Net barter terms of trade index (2000 = 100)

The latest value for Net barter terms of trade index (2000 = 100) in Belgium was 96.25 as of 2020. Over the past 20 years, the value for this indicator has fluctuated between 101.69 in 2002 and 93.87 in 2012.

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.

Source: United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.

See also:

Year Value
2000 100.00
2001 100.31
2002 101.69
2003 101.68
2004 100.55
2005 99.03
2006 98.21
2007 99.40
2008 96.59
2009 98.44
2010 96.94
2011 94.87
2012 93.87
2013 94.15
2014 94.69
2015 95.64
2016 96.72
2017 95.71
2018 94.19
2019 95.02
2020 96.25

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes