Of the economies in the World Bank's latest release, Viet Nam has the highest terms of trade adjustment (constant LCU) (422.59 trillion in 2025) and Iran, Islamic Rep. the lowest (-9,327.9 trillion in 2025).
What this measures
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Viet Nam | 422.59 trillion | 2025 |
| 2 | Colombia | 43.29 trillion | 2025 |
| 3 | Chile | 15.42 trillion | 2025 |
| 4 | Mongolia | 14.66 trillion | 2025 |
| 5 | Russian Federation | 9.17 trillion | 2021 |
| 6 | Gabon | 7.13 trillion | 2025 |
| 7 | Tanzania | 7.12 trillion | 2025 |
| 8 | Cambodia | 5.99 trillion | 2025 |
| 9 | Kazakhstan | 3.77 trillion | 2024 |
| 10 | Côte d'Ivoire | 2.94 trillion | 2025 |
| 11 | Lao PDR | 2.81 trillion | 2016 |
| 12 | Angola | 2.49 trillion | 2024 |
| 13 | Burkina Faso | 2.23 trillion | 2025 |
| 14 | Pakistan | 1.65 trillion | 2025 |
| 15 | Paraguay | 1.63 trillion | 2025 |
| 16 | Senegal | 1.5 trillion | 2025 |
| 17 | Costa Rica | 1.37 trillion | 2025 |
| 18 | Mexico | 1.13 trillion | 2025 |
| 19 | Mali | 1.08 trillion | 2025 |
| 20 | Chad | 748.12 billion | 2025 |
| 21 | Algeria | 668.42 billion | 2025 |
| 22 | Equatorial Guinea | 578.13 billion | 2025 |
| 23 | Norway | 543 billion | 2025 |
| 24 | Ukraine | 359.39 billion | 2025 |
| 25 | Serbia | 283.01 billion | 2025 |
| 26 | United States | 192.74 billion | 2024 |
| 27 | United Arab Emirates | 167.02 billion | 2023 |
| 28 | Cameroon | 166.52 billion | 2025 |
| 29 | South Africa | 150.88 billion | 2025 |
| 30 | Romania | 136.19 billion | 2025 |
| 31 | Niger | 131.51 billion | 2025 |
| 32 | Kyrgyz Republic | 105.61 billion | 2025 |
| 33 | Peru | 98.25 billion | 2025 |
| 34 | Morocco | 94.31 billion | 2025 |
| 35 | Iceland | 92.89 billion | 2025 |
| 36 | Singapore | 91.32 billion | 2025 |
| 37 | Albania | 90.65 billion | 2025 |
| 38 | Ethiopia | 90.24 billion | 2025 |
| 39 | Dominican Republic | 73.4 billion | 2025 |
| 40 | Canada | 65.16 billion | 2025 |
| 41 | Mozambique | 65.02 billion | 2025 |
| 42 | Kenya | 63.06 billion | 2025 |
| 43 | Togo | 63 billion | 2023 |
| 44 | Djibouti | 60.9 billion | 2025 |
| 45 | Argentina | 59.64 billion | 2025 |
| 46 | Mauritania | 50.28 billion | 2025 |
| 47 | Czechia | 47.02 billion | 2025 |
| 48 | Nicaragua | 39.12 billion | 2025 |
| 49 | Nepal | 37.98 billion | 2025 |
| 50 | Malaysia | 36.88 billion | 2025 |
| 51 | Rwanda | 34.45 billion | 2025 |
| 52 | North Macedonia | 27.8 billion | 2025 |
| 53 | Hong Kong SAR, China | 24.07 billion | 2025 |
| 54 | Namibia | 23.11 billion | 2025 |
| 55 | Cabo Verde | 11.67 billion | 2025 |
| 56 | Uruguay | 11.59 billion | 2025 |
| 57 | Guatemala | 11.54 billion | 2025 |
| 58 | Spain | 8 billion | 2025 |
| 59 | Israel | 6.56 billion | 2025 |
| 60 | Portugal | 6.2 billion | 2025 |
| 61 | Greece | 5.69 billion | 2025 |
| 62 | Lesotho | 3.32 billion | 2025 |
| 63 | Venezuela, RB | 3.02 billion | 2025 |
| 64 | Netherlands | 2.93 billion | 2025 |
| 65 | Luxembourg | 2.91 billion | 2025 |
| 66 | Greenland | 2.56 billion | 2023 |
| 67 | Georgia | 2.49 billion | 2025 |
| 68 | Bolivia | 2.48 billion | 2024 |
| 69 | Switzerland | 2.32 billion | 2025 |
| 70 | Yemen, Rep. | 2.22 billion | 2018 |
| 71 | Tunisia | 2.22 billion | 2025 |
| 72 | Ecuador | 1.74 billion | 2025 |
| 73 | Ghana | 1.67 billion | 2024 |
| 74 | Panama | 1.59 billion | 2024 |
| 75 | Estonia | 1.52 billion | 2025 |
| 76 | Sudan | 962.5 million | 2025 |
| 77 | Solomon Islands | 940.41 million | 2024 |
| 78 | São Tomé and Principe | 805.18 million | 2025 |
| 79 | Montenegro | 544.71 million | 2025 |
| 80 | Bahrain | 538.68 million | 2024 |
| 81 | Zimbabwe | 402.35 million | 2024 |
| 82 | Slovenia | 299.97 million | 2025 |
| 83 | Croatia | 259.43 million | 2025 |
| 84 | Seychelles | 239.2 million | 2025 |
| 85 | Samoa | 156.62 million | 2025 |
| 86 | Bermuda | 144.24 million | 2024 |
| 87 | Cyprus | 85.17 million | 2025 |
| 88 | Latvia | 73.09 million | 2025 |
| 89 | Belize | 57.92 million | 2024 |
| 90 | Timor-Leste | 54.94 million | 2024 |
| 91 | Northern Mariana Islands | 29.53 million | 2022 |
| 92 | American Samoa | 3.96 million | 2022 |
| 93 | Kiribati | 3.53 million | 2024 |
| 94 | Marshall Islands | 1.56 million | 2024 |
| 95 | Guam | 1.01 million | 2022 |
| 96 | Bangladesh | 39,501 | 2025 |
| 97 | Vanuatu | 0 | 2024 |
| 98 | Palau | -7.95 million | 2024 |
| 99 | Tonga | -19.57 million | 2024 |
| 100 | Malta | -25.07 million | 2025 |
| 101 | El Salvador | -37.65 million | 2025 |
| 102 | West Bank and Gaza | -41.99 million | 2025 |
| 103 | Bulgaria | -68.12 million | 2025 |
| 104 | Bosnia and Herzegovina | -180.02 million | 2025 |
| 105 | Bahamas, The | -297.96 million | 2024 |
| 106 | Kosovo | -355.02 million | 2025 |
| 107 | Virgin Islands (US) | -599.72 million | 2022 |
| 108 | New Zealand | -628.28 million | 2024 |
| 109 | Oman | -702.51 million | 2024 |
| 110 | Central African Republic | -872.72 million | 2025 |
| 111 | Brunei Darussalam | -970.77 million | 2025 |
| 112 | Comoros | -1.26 billion | 2025 |
| 113 | Lithuania | -1.5 billion | 2025 |
| 114 | Gambia, The | -1.54 billion | 2025 |
| 115 | Finland | -2.02 billion | 2025 |
| 116 | Macao SAR, China | -2.3 billion | 2025 |
| 117 | Eswatini | -2.62 billion | 2024 |
| 118 | Hungary | -2.72 billion | 2025 |
| 119 | Moldova | -3.08 billion | 2025 |
| 120 | Cuba | -3.15 billion | 2024 |
| 121 | Slovak Republic | -3.91 billion | 2025 |
| 122 | Belarus | -4.07 billion | 2025 |
| 123 | Haiti | -4.4 billion | 2025 |
| 124 | Tajikistan | -4.45 billion | 2024 |
| 125 | Kuwait | -4.52 billion | 2024 |
| 126 | Germany | -5.41 billion | 2025 |
| 127 | Honduras | -5.89 billion | 2025 |
| 128 | Sierra Leone | -6.02 billion | 2025 |
| 129 | Bhutan | -6.63 billion | 2024 |
| 130 | Poland | -6.79 billion | 2025 |
| 131 | Austria | -7.2 billion | 2025 |
| 132 | United Kingdom | -10.2 billion | 2025 |
| 133 | Ireland | -10.26 billion | 2025 |
| 134 | Maldives | -13.84 billion | 2024 |
| 135 | Italy | -14.85 billion | 2025 |
| 136 | Guinea-Bissau | -15.75 billion | 2025 |
| 137 | Belgium | -20.53 billion | 2025 |
| 138 | France | -25.52 billion | 2025 |
| 139 | Australia | -26.77 billion | 2025 |
| 140 | Syrian Arab Republic | -27.27 billion | 2022 |
| 141 | Botswana | -27.67 billion | 2025 |
| 142 | Libya | -30.15 billion | 2025 |
| 143 | Türkiye | -50.05 billion | 2025 |
| 144 | Brazil | -50.96 billion | 2025 |
| 145 | Denmark | -65.69 billion | 2025 |
| 146 | Mauritius | -89.16 billion | 2025 |
| 147 | Benin | -92.22 billion | 2025 |
| 148 | Qatar | -92.42 billion | 2020 |
| 149 | Sweden | -97.38 billion | 2025 |
| 150 | India | -130.76 billion | 2025 |
| 151 | Saudi Arabia | -210.18 billion | 2025 |
| 152 | Egypt, Arab Rep. | -242.03 billion | 2025 |
| 153 | Sri Lanka | -265.67 billion | 2025 |
| 154 | Madagascar | -328.58 billion | 2025 |
| 155 | Thailand | -333.72 billion | 2025 |
| 156 | Armenia | -348.18 billion | 2025 |
| 157 | Philippines | -666.64 billion | 2025 |
| 158 | Lebanon | -703.04 billion | 2024 |
| 159 | Congo, Rep. | -1.24 trillion | 2025 |
| 160 | Uzbekistan | -2.29 trillion | 2025 |
| 161 | Somalia, Fed. Rep. | -2.33 trillion | 2025 |
| 162 | Guinea | -3.94 trillion | 2025 |
| 163 | Uganda | -5.1 trillion | 2025 |
| 164 | Congo, Dem. Rep. | -5.34 trillion | 2025 |
| 165 | Japan | -9.53 trillion | 2024 |
| 166 | Iraq | -25.43 trillion | 2024 |
| 167 | Korea, Rep. | -41.6 trillion | 2025 |
| 168 | Indonesia | -312.72 trillion | 2025 |
| 169 | Iran, Islamic Rep. | -9,327.9 trillion | 2025 |
More economic policy & debt indicators
- Trade in services (% of GDP)
- Communications, computer, etc. (% of service imports, BoP)
- Primary income payments (BoP, current US$)
- Imports of goods and services (current US$, BoP)
- Insurance and financial services (% of service imports, BoP)
- Goods imports (current US$, BoP)
- Service imports (current US$, BoP)
- Charges for the use of intellectual property, payments (BoP, current US$)
- Imports of goods, services and primary income (current US$, BoP)
- Transport services (% of service imports, BoP)
- Travel services (% of service imports, BoP)
- Foreign direct investment, net outflows (BoP, current US$)
Reading data like this
Source
World Bank, World Development Indicators, NY.TTF.GNFS.KN, CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in