The terms of trade, an indicator showing the relationship between export and import prices, rose 17.6% in June compared to the same month in 2024, the
According to the issuing entity, this result is due to a rise in export prices and a decline in import prices.
"Export prices rose 12.7% year-on-year, mainly due to higher prices of gold (+44%); copper (+19.9%), and coffee (+77.3%)," it stated.
Meanwhile, import prices fell 4.1%, driven by lower prices of oil and its derivatives (-20.9%) and industrial inputs (-4.2%).
Compared to the previous month, the terms of trade rose 1.5%, due to a 2.4% increase in export prices, mainly driven by higher copper and hydrocarbon prices.
This was partly offset by higher import prices (+0.9%).