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Japan Commodity Terms of Trade (IMF)

Monthly country-specific commodity price indices for Japan computed by the IMF Research Department: the commodity terms-of-trade (net export price) index, which proxies the income gains and losses from changes in world prices of up to 45 commodities (energy, metals, food and agricultural raw materials), and the commodity export and import price indices, each weighted by Japan's own commodity trade relative to total commodity trade or to GDP, with rolling (three-year) or fixed weights.

Source: IMF – Commodity Terms of Trade database (CTOT), Research DepartmentLast updated: Sep 22, 2026, 13:34Curated by Bui Thanh PhucAbout this data ↓

Indicator05-202604-202603-202602-202601-202612-202511-202510-202509-202508-202507-202506-202505-202504-202503-202502-202501-202512-202411-202410-202409-202408-202407-202406-202405-202404-202403-202402-202401-202412-202311-202310-202309-202308-202307-202306-202305-2023
Rolling weights (average trade of the three preceding years)6
Commodity terms of trade: net export price index, weighted by net exports to total commodity trade97.9697.7493.81120.69121.39125.34122.59124.21121.79122.12118.76117.41122.96121.43114.17109.6107.81111.45111.83112.76115.61112.15112.08109.66110.11111.64115.51117.86113.35110.75105.38102.02103.01108.45112.29115.45114.36
Commodity terms of trade: net export price index, weighted by net exports to GDP100.16100.1499.85101.64101.68101.91101.75101.84101.7101.72101.52101.44101.77101.68101.24100.95100.83101.07101.09101.15101.33101.11101.11100.95100.98101.08101.32101.47101.19101.02100.67100.44100.51100.88101.12101.32101.25
Commodity export price index, weighted by share in commodity exports129.82130.19130.55111.2107.6102.62100.87100.68100.0197.7699.4998.9995.6596100.11100.96101.2997.5297.69100.9597.8399.03101.57103.34106.57107.4102.2898.9198.3396.4697.2498.21100.3596.2995.6292.8893.23
Commodity export price index, weighted by exports to GDP100.22100.22100.22100.09100.07100.03100.01100.01100.0199.9910010099.9799.98100.01100.02100.0299.9999.99100.0299.99100100.02100.03100.06100.07100.0310099.9999.9899.9999.99100.0199.9899.9799.9599.95
Commodity import price index, weighted by share in commodity imports106.68106.96112.0383.1182.3478.9380.6879.4481.0480.5483.2884.3379.8180.987.1891.3693.0589.2988.9688.4385.6588.6488.8591.3991.3889.8785.9483.6787.589.6594.898.3497.4791.688.1185.1886.19
Commodity import price index, weighted by imports to GDP99.98100100.2998.4298.3698.198.2498.1598.2898.2498.4498.5298.1898.2798.7299.0199.1298.8798.8498.8198.6298.8398.8699.0299.0298.9398.6598.4998.7598.999.2599.4899.4399.0498.898.5998.65
Fixed weights (average trade over several decades)6
Commodity terms of trade: net export price index, weighted by net exports to total commodity trade91.4291.0788.7110.64112.92115.95114.51115.43113.25113.8110.95110.48114.94113.58108.05104.45102.28105.94106.04106108.29105.44104.21102.22101.06100.99104.35106.58104.55104.22100.9797.3396.81101.41103.69106.78105.01
Commodity terms of trade: net export price index, weighted by net exports to GDP99.6299.699.47100.6100.7100.83100.76100.79100.69100.71100.59100.57100.77100.71100.46100.29100.18100.36100.36100.35100.46100.32100.25100.17100.13100.12100.28100.38100.29100.26100.0999.9199.88100.12100.25100.4100.32
Commodity export price index, weighted by share in commodity exports132.73132.89131.81118.79116.28110.77107.44106.76105.13102.04104.08104.08101.45101.26106.53106.82107.66104.5104.24107.3104.73104.91106.21110.16115.27114.48109.18105.53105.34102.57101.59101.82103.54100.91101.8199.96101.7
Commodity export price index, weighted by exports to GDP100.1100.1100.1100.06100.05100.03100.02100.02100.02100.01100.01100.01100100100.02100.02100.02100.01100.01100.02100.01100.01100.02100.03100.04100.04100.03100.01100.01100100100100.0110010099.99100
Commodity import price index, weighted by share in commodity imports112.71113.18116.4290.8188.6985.8486.8286.0387.7287.0789.6390.0386.0787.1792.3895.8698.0994.2194.1194.369294.7396.0498.3199.8599.8796.0193.695.5895.7499.06103.08103.8198.4996.1893.0294.81
Commodity import price index, weighted by imports to GDP100.49100.51100.6499.4799.3699.2199.2799.2399.3399.399.4399.4599.2499.399.5699.7499.8499.6699.6599.6799.5599.799.7799.8699.9199.9299.7599.6399.7399.7499.91100.1100.1399.8899.7699.699.68

Latest reading

The latest reading is 97.96, for May 2026. That is +0.2% from Apr 2026 and −20.3% from a year earlier. The series on this page is monthly and runs from Jan 1980 to May 2026. Source: IMF – Commodity Terms of Trade database (CTOT), Research Department.

Latest
97.96
May 2026
vs previous period
+0.2%
Apr 2026
vs a year earlier
−20.3%

About this data

Monthly country-specific commodity price indices for Japan computed by the IMF Research Department: the commodity terms-of-trade (net export price) index, which proxies the income gains and losses from changes in world prices of up to 45 commodities (energy, metals, food and agricultural raw materials), and the commodity export and import price indices, each weighted by Japan's own commodity trade relative to total commodity trade or to GDP, with rolling (three-year) or fixed weights. Index, June 2012 = 100.

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