China's Terms of Trade

Terms of Trade

Definition: Terms of trade is an index of the price of a country's exports in terms of its imports. The terms of trade are said to improve if that index rises.

China is one of the world’s largest exporters, especially in the industry of manufactured goods. China exports $1.581 (Trillion $US) worth of traded products and imports $1.327 (Trillion $US) worth. The difference is $254 (Billion $US) and means that the trade budget is in surplus.

Source: Taken from

http://economics.about.com/od/economicsglossary/g/termsoftrade.htm

http://en.wikipedia.org/wiki/Terms_of_trade

https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html

http://www.tradingeconomics.com/charts/china-balance-of-trade.png