Korea - 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 Korea was 56.05 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 138.46 in 1995 and 50.19 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
1980 114.29
1981 111.86
1982 117.43
1983 118.27
1984 119.81
1985 120.79
1986 131.58
1987 134.31
1988 138.05
1989 138.26
1990 133.33
1991 134.19
1992 134.21
1993 132.43
1994 137.27
1995 138.46
1996 125.89
1997 121.90
1998 117.24
1999 114.94
2000 100.00
2001 92.91
2002 92.07
2003 88.52
2004 85.31
2005 77.46
2006 70.40
2007 65.94
2008 58.81
2009 61.31
2010 56.82
2011 51.05
2012 50.19
2013 51.86
2014 52.72
2015 59.03
2016 59.62
2017 59.40
2018 56.33
2019 54.01
2020 56.05

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes