Terms of trade for EU & Eurozone 1995-2021

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 100 indicating positive terms of trade (for the same amount of exports, more imports can be bought) and values below 100 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 2021, the EU as a whole has slightly 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 2021 (where 100 indicates neutrality)

Characteristic	Eurozone*	European Union
2021	99.55	99.92
2020	101.55	101.71
2019	100.15	100.18
2018	99.65	99.65
2017	100.3	100.29
2016	101.2	101.1
2015	100	100
2014	97.84	97.99
2013	97.02	97.13
2012	96.15	96.28
2011	96.61	96.76
2010	98.67	98.65
2009	100.82	100.49
2008	97.81	97.72
2007	99.18	98.93
2006	98.73	98.36
2005	100	99.47
2004	101.09	100.47
2003	101.78	100.97
2002	101.1	100.34
2001	99.62	99.04
2000	98.98	98.55
1999	101.95	101.38
1998	101.97	101.53
1997	100.34	100
1996	100.61	100.28
1995	100.52	100.31

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

February 2023

More information

Region

Europe, EU

Survey time period

1995 to 2021

Supplementary notes

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.

Citation formats