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Merchandise Terms of Trade (1987 = 100) by country

Net barter (merchandise) terms of trade (1987 = 100) are the ratio of the export price index to the corresponding import price index measured relative to the base year of 1987.

Countries reporting
50
Highest
14,193 1987 = 100
Tunisia
Lowest
1.15 1987 = 100
Sudan
Median
100.03 1987 = 100
Years covered
47
1965–2011
Data points
1,550

What the numbers show

Merchandise Terms of Trade (1987 = 100) is currently reported for 50 countries. The highest value is 14,193 1987 = 100 in Tunisia; the lowest is 1.15 1987 = 100 in Sudan.

The median across all reporting countries is 100.03 1987 = 100, and the mean is 649.2 1987 = 100.

The gap between the highest and lowest reporting country is a factor of about 12,338.

Over the past decade 29 countries rose and 20 fell. The largest increase was in Kenya (up 11,389.8%), and the largest decrease in South Africa (down 67.9%).

Merchandise Terms of Trade: full country ranking

#Country LatestYear 10-year changeTrend
1 Tunisia 14,193 1987 = 100 2011 up 9,916.4% volatile
2 Kenya 11,490 1987 = 100 2011 up 11,389.8% volatile
3 Egypt 968.67 1987 = 100 2011 up 8,431.4% volatile
4 Angola 366.72 1987 = 100 2011 up 147.5% volatile
5 Seychelles 338.99 1987 = 100 2010 up 132.6% volatile
6 Chad 269.74 1987 = 100 2010 up 203.5% rising
7 Lesotho 254.68 1987 = 100 2011 up 66.6% rising
8 Burkina Faso 251.5 1987 = 100 2011 up 181.7% rising
9 Sierra Leone 240.62 1987 = 100 2011 up 15.8% rising
10 Nigeria 219.23 1987 = 100 2011 up 71.8% rising
11 Congo 217.53 1987 = 100 2011 up 69.3% volatile
12 Zambia 197.56 1987 = 100 2011 up 139.6% rising
13 Algeria 190.25 1987 = 100 2011 up 113.4% flat
14 Sao Tome and Principe 175.78 1987 = 100 2011 up 67.6% rising
15 Gabon 174.34 1987 = 100 2011 up 93.5% rising
16 Cameroon 130.61 1987 = 100 2011 up 25.0% falling
17 Niger 125.42 1987 = 100 2007 up 66.4% rising
18 Congo, Democratic Republic of the 119.66 1987 = 100 2004 up 33.3% rising
19 Eswatini 116.29 1987 = 100 2008 up 93.5% rising
20 Ghana 110.56 1987 = 100 2010 up 203.0% volatile
21 Morocco 109.08 1987 = 100 2011 down 17.8% flat
22 Benin 108.36 1987 = 100 2007 down 4.2% flat
23 Uganda 107.54 1987 = 100 2011 up 8.0% falling
24 Mauritius 102.23 1987 = 100 2011 down 15.3% falling
25 Central African Republic 100.04 1987 = 100 2000 down 9.5% flat
26 Cabo Verde 100.03 1987 = 100 2010 up 0.0% flat
27 Togo 100 1987 = 100 2011 unchanged falling
28 Comoros 99.92 1987 = 100 2009 up 99.8% volatile
29 Zimbabwe 99.6 1987 = 100 2011 up 8.6% flat
30 Namibia 96.15 1987 = 100 2011 down 16.6% rising
31 Gambia 95.29 1987 = 100 2006 down 7.0% rising
32 Côte d'Ivoire 94.61 1987 = 100 2011 down 7.2% rising
33 Djibouti 93.67 1987 = 100 2006 down 6.3% flat
34 Ethiopia 86.38 1987 = 100 2011 up 3.4% falling
35 Equatorial Guinea 84.41 1987 = 100 2003 down 6.3% falling
36 Mali 83.25 1987 = 100 2005 down 7.5% falling
37 Senegal 80.32 1987 = 100 2011 down 10.6% falling
38 Mozambique 79.63 1987 = 100 2011 up 30.1% rising
39 Rwanda 76.3 1987 = 100 2011 up 22.5% falling
40 Guinea 74.58 1987 = 100 2007 down 0.8% falling
41 Mauritania 72.77 1987 = 100 2011 down 45.6% falling
42 Liberia 67.61 1987 = 100 1981 down 48.2% falling
43 Malawi 65.89 1987 = 100 2009 up 8.7% falling
44 Burundi 49.86 1987 = 100 2008 down 28.7% falling
45 Madagascar 43.35 1987 = 100 2009 down 48.5% falling
46 Botswana 42.96 1987 = 100 2011 down 26.6% falling
47 Guinea-Bissau 32.29 1987 = 100 2011 down 40.2% falling
48 South Africa 31.68 1987 = 100 2009 down 67.9% volatile
49 Tanzania, United Republic of 30.51 1987 = 100 1996 down 67.3% volatile
50 Sudan 1.15 1987 = 100 2003 up 15.0% rising

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

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Merchandise Terms of Trade by country. Statizoid, drawing on World Bank country economists. Retrieved 21 August 2026, from https://trade.statizoid.com/stat/merchandise-terms-of-trade-1987-100/

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About this data

Indicator
Merchandise Terms of Trade (1987 = 100)
Unit
1987 = 100
Source
World Bank country economists
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
56 places, 1,550 data points, 1965–2011
Last refreshed

Net barter (merchandise) terms of trade (1987 = 100) are the ratio of the export price index to the corresponding import price index measured relative to the base year of 1987.