Terms of trade adjustment (constant LCU) by country
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price...
Countries reporting
177
Highest
422.59 trillion constant LCU
Vietnam
Lowest
-9,327.90 trillion constant LCU
Iran
Median
85.17 million constant LCU
Years covered
66
1960–2025
Data points
7,583
What the numbers show
Terms of trade adjustment (constant LCU) is currently reported for 177 countries. The highest value is 422.59 trillion constant LCU in Vietnam; the lowest is -9,327.90 trillion constant LCU in Iran.
The median across all reporting countries is 85.17 million constant LCU, and the mean is -51.91 trillion constant LCU.
Over the past decade 98 countries rose and 57 fell. The largest increase was in Djibouti (up 87,405,500,000.0%), and the largest decrease in Moldova (down 2,312,740,000.0%).
Terms of trade adjustment: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Vietnam | 422.59 trillion constant LCU | 2025 | up 122.4% | volatile |
| 2 | Colombia | 43.28 trillion constant LCU | 2025 | — | volatile |
| 3 | Chile | 15.42 trillion constant LCU | 2025 | up 454.5% | volatile |
| 4 | Mongolia | 14.66 trillion constant LCU | 2025 | — | volatile |
| 5 | Russia | 9.17 trillion constant LCU | 2021 | down 30.8% | volatile |
| 6 | Gabon | 7.13 trillion constant LCU | 2025 | up 275.9% | volatile |
| 7 | Tanzania | 7.12 trillion constant LCU | 2025 | — | volatile |
| 8 | Cambodia | 5.99 trillion constant LCU | 2025 | up 1,031.0% | volatile |
| 9 | Kazakhstan | 3.77 trillion constant LCU | 2024 | up 26.8% | volatile |
| 10 | Cote d'Ivoire | 2.94 trillion constant LCU | 2025 | up 614,105.0% | volatile |
| 11 | Laos | 2.81 trillion constant LCU | 2016 | up 253.1% | volatile |
| 12 | Angola | 2.49 trillion constant LCU | 2024 | down 9.7% | volatile |
| 13 | Burkina Faso | 2.23 trillion constant LCU | 2025 | — | volatile |
| 14 | Pakistan | 1.65 trillion constant LCU | 2025 | up 1,053.3% | volatile |
| 15 | Paraguay | 1.63 trillion constant LCU | 2025 | up 164.6% | volatile |
| 16 | Senegal | 1.50 trillion constant LCU | 2025 | up 948.0% | volatile |
| 17 | Costa Rica | 1.37 trillion constant LCU | 2025 | up 59.9% | volatile |
| 18 | Mexico | 1.13 trillion constant LCU | 2025 | up 962.2% | volatile |
| 19 | Mali | 1.08 trillion constant LCU | 2025 | — | volatile |
| 20 | Chad | 748.12 billion constant LCU | 2025 | up 129.1% | volatile |
| 21 | Algeria | 668.42 billion constant LCU | 2025 | up 160.0% | volatile |
| 22 | Equatorial Guinea | 578.13 billion constant LCU | 2025 | up 140.8% | volatile |
| 23 | Norway | 543.00 billion constant LCU | 2025 | up 96.5% | volatile |
| 24 | Ukraine | 359.39 billion constant LCU | 2025 | up 1,349.5% | volatile |
| 25 | Serbia | 283.01 billion constant LCU | 2025 | up 1,005.2% | volatile |
| 26 | United States | 192.74 billion constant LCU | 2024 | up 232.8% | volatile |
| 27 | United Arab Emirates | 167.02 billion constant LCU | 2023 | up 1.8% | volatile |
| 28 | Cameroon | 166.52 billion constant LCU | 2025 | up 1,037.1% | volatile |
| 29 | South Africa | 150.88 billion constant LCU | 2025 | — | volatile |
| 30 | Romania | 136.19 billion constant LCU | 2025 | up 134.4% | volatile |
| 31 | Niger | 131.51 billion constant LCU | 2025 | — | volatile |
| 32 | Kyrgyzstan | 105.61 billion constant LCU | 2025 | up 385.8% | volatile |
| 33 | Peru | 98.25 billion constant LCU | 2025 | up 115,302.0% | volatile |
| 34 | Morocco | 94.31 billion constant LCU | 2025 | up 262.2% | volatile |
| 35 | Iceland | 92.89 billion constant LCU | 2025 | up 456.2% | volatile |
| 36 | Singapore | 91.32 billion constant LCU | 2025 | — | volatile |
| 37 | Albania | 90.65 billion constant LCU | 2025 | up 26,824.1% | volatile |
| 38 | Ethiopia | 90.24 billion constant LCU | 2025 | up 4,330.4% | volatile |
| 39 | Dominican Republic | 73.40 billion constant LCU | 2025 | up 1,068.7% | volatile |
| 40 | Canada | 65.16 billion constant LCU | 2025 | up 916.4% | volatile |
| 41 | Mozambique | 65.02 billion constant LCU | 2025 | up 514.0% | volatile |
| 42 | Kenya | 63.06 billion constant LCU | 2025 | up 601.9% | volatile |
| 43 | Togo | 63.00 billion constant LCU | 2023 | up 8,277.8% | volatile |
| 44 | Djibouti | 60.90 billion constant LCU | 2025 | up 87,405,500,000.0% | volatile |
| 45 | Argentina | 59.64 billion constant LCU | 2025 | up 138.2% | volatile |
| 46 | Mauritania | 50.28 billion constant LCU | 2025 | up 513.9% | volatile |
| 47 | Czechia | 47.02 billion constant LCU | 2025 | up 160.4% | volatile |
| 48 | Nicaragua | 39.12 billion constant LCU | 2025 | up 198.7% | volatile |
| 49 | Nepal | 37.98 billion constant LCU | 2025 | up 848.4% | volatile |
| 50 | Malaysia | 36.88 billion constant LCU | 2025 | — | volatile |
| 51 | Rwanda | 34.45 billion constant LCU | 2025 | down 95.2% | volatile |
| 52 | North Macedonia | 27.80 billion constant LCU | 2025 | up 372.1% | volatile |
| 53 | Hong Kong | 24.07 billion constant LCU | 2025 | up 531.2% | volatile |
| 54 | Namibia | 23.11 billion constant LCU | 2025 | up 16,103,700.0% | volatile |
| 55 | Cape Verde | 11.67 billion constant LCU | 2025 | — | volatile |
| 56 | Uruguay | 11.59 billion constant LCU | 2025 | up 115.5% | volatile |
| 57 | Guatemala | 11.54 billion constant LCU | 2025 | up 755.3% | volatile |
| 58 | Spain | 8.00 billion constant LCU | 2025 | up 273.9% | volatile |
| 59 | Israel | 6.56 billion constant LCU | 2025 | up 135.0% | volatile |
| 60 | Portugal | 6.20 billion constant LCU | 2025 | up 421.4% | volatile |
| 61 | Greece | 5.69 billion constant LCU | 2025 | up 221.0% | volatile |
| 62 | South Sudan | 4.08 billion constant LCU | 2015 | down 47.1% | volatile |
| 63 | Lesotho | 3.32 billion constant LCU | 2025 | up 38.1% | volatile |
| 64 | Venezuela | 3.02 billion constant LCU | 2025 | down 87.9% | volatile |
| 65 | Netherlands | 2.93 billion constant LCU | 2025 | up 127.9% | volatile |
| 66 | Luxembourg | 2.91 billion constant LCU | 2025 | up 400.1% | volatile |
| 67 | Greenland | 2.56 billion constant LCU | 2023 | up 460.7% | volatile |
| 68 | Georgia | 2.49 billion constant LCU | 2025 | up 350.0% | volatile |
| 69 | Bolivia | 2.48 billion constant LCU | 2024 | down 84.0% | volatile |
| 70 | Switzerland | 2.32 billion constant LCU | 2025 | down 93.8% | volatile |
| 71 | Yemen | 2.22 billion constant LCU | 2018 | up 4,994,400,000.0% | volatile |
| 72 | Tunisia | 2.22 billion constant LCU | 2025 | up 48,237.7% | volatile |
| 73 | Ecuador | 1.74 billion constant LCU | 2025 | up 175.1% | volatile |
| 74 | Ghana | 1.67 billion constant LCU | 2024 | up 209.1% | volatile |
| 75 | Panama | 1.59 billion constant LCU | 2024 | up 569.3% | volatile |
| 76 | Estonia | 1.52 billion constant LCU | 2025 | up 1,412.4% | volatile |
| 77 | Sudan | 962.50 million constant LCU | 2025 | up 302.6% | volatile |
| 78 | Solomon Islands | 940.40 million constant LCU | 2024 | up 282.5% | volatile |
| 79 | Sao Tome and Principe | 805.18 million constant LCU | 2025 | up 203.6% | volatile |
| 80 | Montenegro | 544.71 million constant LCU | 2025 | up 839.8% | volatile |
| 81 | Bahrain | 538.68 million constant LCU | 2024 | up 233.6% | volatile |
| 82 | Zimbabwe | 402.35 million constant LCU | 2024 | down 15.5% | volatile |
| 83 | Slovenia | 299.97 million constant LCU | 2025 | up 170.1% | volatile |
| 84 | Croatia | 259.43 million constant LCU | 2025 | up 95.0% | volatile |
| 85 | Seychelles | 239.20 million constant LCU | 2025 | up 3,852.2% | volatile |
| 86 | Azerbaijan | 158.20 million constant LCU | 2014 | up 112.8% | volatile |
| 87 | Samoa | 156.62 million constant LCU | 2025 | up 353.5% | volatile |
| 88 | Bermuda | 144.24 million constant LCU | 2024 | down 45.8% | volatile |
| 89 | Cyprus | 85.17 million constant LCU | 2025 | up 170.6% | volatile |
| 90 | Latvia | 73.09 million constant LCU | 2025 | up 104.8% | volatile |
| 91 | Belize | 57.92 million constant LCU | 2024 | — | volatile |
| 92 | East Timor | 54.94 million constant LCU | 2024 | up 630.3% | volatile |
| 93 | Northern Mariana Islands | 29.53 million constant LCU | 2022 | — | volatile |
| 94 | American Samoa | 3.96 million constant LCU | 2022 | — | volatile |
| 95 | Kiribati | 3.53 million constant LCU | 2024 | up 356.1% | volatile |
| 96 | Marshall Islands | 1.56 million constant LCU | 2024 | down 56.0% | volatile |
| 97 | Guam | 1.01 million constant LCU | 2022 | — | volatile |
| 98 | Bangladesh | 39,501 constant LCU | 2025 | up 100.0% | volatile |
| 99 | San Marino | 24.57 constant LCU | 2023 | up 206.4% | volatile |
| 100 | Eritrea | 0 constant LCU | 2011 | down 100.0% | volatile |
| 100 | Vanuatu | 0 constant LCU | 2024 | down 100.0% | volatile |
| 100 | Zambia | 0 constant LCU | 2010 | down 100.0% | volatile |
| 103 | Turkmenistan | -1.74 million constant LCU | 2006 | down 32.5% | volatile |
| 104 | Palau | -7.95 million constant LCU | 2024 | down 595.0% | volatile |
| 105 | Tonga | -19.57 million constant LCU | 2024 | up 53.2% | volatile |
| 106 | Malta | -25.07 million constant LCU | 2025 | up 92.2% | volatile |
| 107 | El Salvador | -37.65 million constant LCU | 2025 | down 112.8% | volatile |
| 108 | Palestine | -41.99 million constant LCU | 2025 | — | volatile |
| 109 | Bulgaria | -68.12 million constant LCU | 2025 | up 98.6% | volatile |
| 110 | Papua New Guinea | -140.73 million constant LCU | 2004 | up 85.9% | volatile |
| 111 | Bosnia and Herzegovina | -180.02 million constant LCU | 2025 | up 80.5% | rising |
| 112 | Bahamas | -297.96 million constant LCU | 2024 | up 33.7% | volatile |
| 114 | United States Virgin Islands | -599.72 million constant LCU | 2022 | — | volatile |
| 115 | New Zealand | -628.28 million constant LCU | 2024 | up 65.5% | volatile |
| 116 | Oman | -702.51 million constant LCU | 2024 | down 120.6% | volatile |
| 117 | Central African Republic | -872.72 million constant LCU | 2025 | up 99.2% | volatile |
| 118 | Brunei | -970.77 million constant LCU | 2025 | up 11.8% | volatile |
| 119 | Comoros | -1.26 billion constant LCU | 2025 | up 18.0% | volatile |
| 120 | Lithuania | -1.50 billion constant LCU | 2025 | down 102.7% | volatile |
| 121 | Gambia | -1.54 billion constant LCU | 2025 | down 1,965.7% | volatile |
| 122 | Finland | -2.02 billion constant LCU | 2025 | down 155.5% | volatile |
| 123 | Macao | -2.30 billion constant LCU | 2025 | up 76.8% | volatile |
| 124 | Eswatini | -2.62 billion constant LCU | 2024 | down 802.5% | volatile |
| 125 | Hungary | -2.72 billion constant LCU | 2025 | up 99.5% | volatile |
| 126 | Moldova | -3.08 billion constant LCU | 2025 | down 2,312,740,000.0% | volatile |
| 127 | Cuba | -3.15 billion constant LCU | 2024 | down 222.1% | volatile |
| 128 | Slovakia | -3.91 billion constant LCU | 2025 | down 348.6% | volatile |
| 129 | Belarus | -4.07 billion constant LCU | 2025 | up 72.6% | volatile |
| 130 | Haiti | -4.40 billion constant LCU | 2025 | down 125.6% | volatile |
| 131 | Tajikistan | -4.45 billion constant LCU | 2024 | down 80.9% | volatile |
| 132 | Kuwait | -4.52 billion constant LCU | 2024 | down 353.5% | volatile |
| 133 | Germany | -5.41 billion constant LCU | 2025 | up 84.5% | volatile |
| 134 | Honduras | -5.89 billion constant LCU | 2025 | up 58.1% | volatile |
| 135 | Sierra Leone | -6.02 billion constant LCU | 2025 | down 251.1% | volatile |
| 136 | Bhutan | -6.63 billion constant LCU | 2024 | down 6,061.5% | volatile |
| 137 | Poland | -6.79 billion constant LCU | 2025 | — | volatile |
| 138 | Austria | -7.20 billion constant LCU | 2025 | down 14,590.3% | volatile |
| 139 | United Kingdom | -10.20 billion constant LCU | 2025 | up 9.5% | flat |
| 140 | Ireland | -10.26 billion constant LCU | 2025 | down 264.9% | volatile |
| 141 | Maldives | -13.84 billion constant LCU | 2024 | down 196.8% | volatile |
| 142 | Italy | -14.85 billion constant LCU | 2025 | up 33.5% | volatile |
| 143 | Afghanistan | -15.45 billion constant LCU | 2024 | — | rising |
| 144 | Guinea-Bissau | -15.75 billion constant LCU | 2025 | — | volatile |
| 145 | Belgium | -20.53 billion constant LCU | 2025 | down 608.5% | volatile |
| 146 | France | -25.52 billion constant LCU | 2025 | down 585.3% | volatile |
| 147 | Australia | -26.77 billion constant LCU | 2025 | up 78.2% | volatile |
| 148 | Syria | -27.27 billion constant LCU | 2022 | down 252.4% | volatile |
| 149 | Botswana | -27.67 billion constant LCU | 2025 | down 107.0% | falling |
| 150 | Libya | -30.15 billion constant LCU | 2025 | down 187.3% | volatile |
| 151 | Turkey | -50.05 billion constant LCU | 2025 | down 60.0% | volatile |
| 152 | Brazil | -50.96 billion constant LCU | 2025 | up 10.4% | volatile |
| 153 | Denmark | -65.69 billion constant LCU | 2025 | down 185.2% | volatile |
| 154 | Mauritius | -89.16 billion constant LCU | 2025 | down 3,453.6% | volatile |
| 155 | Benin | -92.22 billion constant LCU | 2025 | — | volatile |
| 156 | Qatar | -92.42 billion constant LCU | 2020 | down 334.2% | volatile |
| 157 | Sweden | -97.38 billion constant LCU | 2025 | down 1,492.2% | volatile |
| 158 | India | -130.76 billion constant LCU | 2025 | down 115.6% | volatile |
| 159 | Saudi Arabia | -210.18 billion constant LCU | 2025 | up 29.0% | volatile |
| 160 | Egypt | -242.03 billion constant LCU | 2025 | down 273.5% | volatile |
| 161 | Sri Lanka | -265.67 billion constant LCU | 2025 | — | volatile |
| 162 | Madagascar | -328.58 billion constant LCU | 2025 | down 134.4% | volatile |
| 163 | Thailand | -333.72 billion constant LCU | 2025 | down 168.9% | volatile |
| 164 | Malawi | -336.39 billion constant LCU | 2025 | — | volatile |
| 165 | Armenia | -348.18 billion constant LCU | 2025 | down 58.5% | volatile |
| 166 | Philippines | -666.64 billion constant LCU | 2025 | down 313.0% | volatile |
| 167 | Lebanon | -703.04 billion constant LCU | 2024 | up 41.1% | volatile |
| 168 | Congo | -1.24 trillion constant LCU | 2025 | down 39.7% | volatile |
| 169 | Uzbekistan | -2.29 trillion constant LCU | 2025 | up 23.0% | volatile |
| 170 | Somalia | -2.33 trillion constant LCU | 2025 | up 30.9% | volatile |
| 171 | Guinea | -3.94 trillion constant LCU | 2025 | down 799.9% | volatile |
| 172 | Uganda | -5.10 trillion constant LCU | 2025 | down 385.5% | volatile |
| 173 | Democratic Republic of Congo | -5.34 trillion constant LCU | 2025 | down 151.4% | volatile |
| 174 | Japan | -9.53 trillion constant LCU | 2024 | down 5.8% | volatile |
| 175 | Iraq | -25.43 trillion constant LCU | 2024 | down 531.8% | volatile |
| 176 | South Korea | -41.60 trillion constant LCU | 2025 | down 263.8% | volatile |
| 177 | Indonesia | -312.72 trillion constant LCU | 2025 | down 191.7% | volatile |
| 178 | Iran | -9,327.90 trillion constant LCU | 2025 | down 294.0% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo -355.02 million constant LCU
About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.