The terms of trade, an indicator that shows the relationship between export prices and import prices, grew 18.7% in March 2025 compared to the same month last year, the
This expansion was driven by the rise in export prices and the fall in import prices.
Export prices increased by 14.2% year-on-year, mainly due to higher prices for gold (+37.9%), copper (+19.6%), zinc (+17.1%), natural gas (+25.1%), and non-traditional fishery products (+26.1%).
On the other hand, import prices fell by 3.8%, partly explained by lower prices of oil and its derivatives (-18.4%).
On a monthly basis, the terms of trade increased by 3.2% in March compared to February, driven by a 1.9% rise in export prices, while import prices fell by 1.2%.
(END) NDP/JJN/JMP/MVB