Abstract:Based on the data comparison between the high-end equipment manufacturing industry and the traditional equipment manufacturing industry from 2007 to 2015, the paper establishes ISIC Rev.4 and SITC Rev.4 industry comparison table, and applies the double-layer CES function price index to estimate the fluctuation trend of international terms-of-trade. At the same time, based on Entropy Weight and Gray Relational Analysis, this paper analyses the relationship between the four factors (exchange rate, economic growth, FDI and market demand change etc.) and price & income of terms of trade for emerging industry and traditional industry. The results show that price terms-of-trade of emerging industry fluctuates greatly, and the trend of deterioration is more serious than that of traditional industries. Whats more, compared with traditional industries, FDI and market demand have more significant impact on emerging industries. Finally, exchange rate is very close to price of terms-of-trade both of emerging industry and traditional industries , but it has a greater impact on the terms-of-trade of emerging industries.