France terms of trade: rolling weights, GDP share
France terms of trade: rolling weights, GDP share stood at 100.08 in May 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Foreign trade prices and volumes table (Value · Monthly), with a complete series running from Jan 1980 to May 2026. The complete series with an interactive chart, free to download.
This indicator in the Foreign trade prices and volumes table
| Indicator | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rolling weights (average trade of the three preceding years) | |||||||||||
| Commodity terms of trade: net export price index, weighted by net exports to GDP | 100.08 | 100.05 | 99.87 | 101.03 | 101.09 | 101.22 | 101.11 | 101.13 | 101 | 101.04 | |
| Commodity export price index, weighted by share in commodity exports | 109.63 | 109.13 | 109.9 | 93.3 | 92.04 | 89.66 | 89.86 | 89.14 | 90.02 | 89.35 |
Understanding france terms of trade: rolling weights, GDP share
This metric calculates the commodity terms of trade net export price index using rolling three-year trade weights scaled directly against national gross domestic product rather than total trade turnover. By anchoring the weighting scheme to GDP, this series measures the macroeconomic significance of commodity price movements relative to the entire domestic economy rather than just the foreign trade sector. It differs from trade-share weighted measures by giving greater prominence to commodities whose net trade balance forms a substantial share of total economic output.
Interpreting this series demands caution regarding macroeconomic structural shifts, as changes in GDP growth can alter weight proportions even when physical trade volumes remain stable. Early estimates are subject to revision when final national accounts data for GDP and trade components are updated by statistical agencies. Analysts must avoid comparing this GDP-scaled index directly with standard trade-weighted indices, as the denominator change shifts the sensitivity of the overall indicator toward domestic economic scale.
Frequently asked questions
- Why is national GDP used as the weighting denominator for this terms of trade series?
- It scales international commodity price impacts directly against the size of the total domestic economy rather than just trade flows.
- How frequently are the rolling weights updated in this GDP-scaled formulation?
- The weighting basket incorporates trade data from the three preceding years, updating continuously to reflect evolving economic structures.
- What is the primary analytical advantage of this GDP-weighted index over standard trade-share measures?
- It highlights how heavily commodity price swings affect the broader domestic economy rather than isolating the trade sector alone.