North Macedonia - 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 North Macedonia was 93.89 as of 2020. Over the past 20 years, the value for this indicator has fluctuated between 100.00 in 2000 and 86.33 in 2011.

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 99.00
2002 98.12
2003 96.65
2004 96.12
2005 95.39
2006 94.51
2007 94.71
2008 92.43
2009 95.90
2010 92.91
2011 86.33
2012 86.96
2013 88.98
2014 91.33
2015 97.34
2016 96.76
2017 95.40
2018 94.40
2019 94.53
2020 93.89

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes