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Economic Survey 2021-22 Statistical Appendix | 147

Table 6.6. Index Numbers of Foreign Trade
(Base : 2012-2013=100)

Year Unit Value Index Volume Index Terms of Trade*
Export Import Export Import Gross Net Income
(1) (2) (3) (4) (5) (6) (7) (8)
2014-15 109 100 155 104 67 109 169

2015-16 104 85 186 111 60 123 228
2016-17 108 88 224 112 50 123 274
2017-18 110 92 200 123 62 120 240
2018-19 124 109 125 126 101 114 142
2019-20 125 103 145 125 86 121 176
2020-21 140 105 116 107 92 133 155

Source: DGCI&S, Kolkata.
Notes:
1. Net terms of trade , i.e., the ratio of overall export unit value index to similar Import index .
2. Gross terms of trade , i .e ., the ratio of overall import quantum Index to similar export index.
3. Income terms of trade = (NTT x QIE)/100
4. QIE = Quantum Index of Exports.
* Smaller the value, more edverse the Terms of Trade.