商品贸易条件(Commodity Terms Of Trade)又称纯易货贸易条件，也称纯物物贸易条件，是指同额价款的商品在国际交换中的数量比率。
首先要说的就是澳大利亚，发达商品出口国的领头羊，在其身后有挪威（其贸易条件自2004年以来改善了38%）、加拿大和新西兰。
The first is Australia, a bellwether for other rich commodity exporters such as Norway, where the terms of trade have improved by 38% since 2004, Canada and New Zealand.
但由于其改善的贸易条件，澳大利亚在商品方面获得比以前更多的利益。
But thanks to its improved terms of trade, Australia gets more for its wares than it did.
我们预计，随着2005年中国需求的降温，上游商品价格将会出现一些软化，而这将有助于恢复利差和贸易条件。
We expect some softening in upstream commodity prices as China demand cools in 2005, which will help restore margins and terms of trade.
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