The European Union and Eurozone's terms of trade have been subject to instability in the period since 1995. The terms of trade is a measure of the relative price of exports in terms of imports, with a value above 0 indicating positive terms of trade (for the same amount of exports, more imports can be bought) and values below 0 indicating negative terms of trade (for the same amount of exports, fewer imports can be bought). In simpler terms, a country's terms of trade indicate how cheaply it can import goods, compared with the price it receives for its exports.
As of 2022, the EU as a whole has negative terms of trade, with the Eurozone's terms of trade being slightly more negative. Due to the growing number of EU members using the Euro as their currency and the growing share of extra-EU trade conducted in Euro, the terms of trade of the EU and Eurozone have become tightly coupled in recent years.
Annual terms of trade for the European Union and the Eurozone from 1995 to 2022
(where 0 indicates neutrality)
Release date refers to most recent date of access.
*The Eurozone includes all countries who use the Euro as their currency. Before 1999, when the Euro was introduced, the data is for the European Exchange Rate Mechanism (ERM), the precursor to the Euro.
The source uses an index where 100 indicates neutrality. In order to simplify with interpretation, this has been scaled so that instead 0 indicates neutrality.
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OECD. (April 24, 2024). Annual terms of trade for the European Union and the Eurozone from 1995 to 2022 (where 0 indicates neutrality) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1364887/international-trade-eu-terms-of-trade-eurozone/
OECD. "Annual terms of trade for the European Union and the Eurozone from 1995 to 2022 (where 0 indicates neutrality)." Chart. April 24, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1364887/international-trade-eu-terms-of-trade-eurozone/
OECD. (2024). Annual terms of trade for the European Union and the Eurozone from 1995 to 2022 (where 0 indicates neutrality). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1364887/international-trade-eu-terms-of-trade-eurozone/
OECD. "Annual Terms of Trade for The European Union and The Eurozone from 1995 to 2022 (Where 0 Indicates Neutrality)." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1364887/international-trade-eu-terms-of-trade-eurozone/
OECD, Annual terms of trade for the European Union and the Eurozone from 1995 to 2022 (where 0 indicates neutrality) Statista, https://www.statista.com/statistics/1364887/international-trade-eu-terms-of-trade-eurozone/ (last visited July 22, 2024)
Annual terms of trade for the European Union and the Eurozone from 1995 to 2022 (where 0 indicates neutrality) [Graph], OECD, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1364887/international-trade-eu-terms-of-trade-eurozone/
