The gains from international trade depend on a country's terms of trade, which is the ratio of export prices to import prices. There are three main types of terms of trade: 1) Net barter terms of trade, which is the ratio of export price index to import price index; 2) Gross barter terms of trade, which is an index of import quantities to export quantities; 3) Income terms of trade, which is the net barter terms multiplied by the export volume index. The terms of trade can be influenced by factors like the elasticity of demand, the nature of supply and production, a country's size, population, exchange rates, and trade policies.