Export and import price indices - December
Negative y-o-y terms of trade figures after thirteen months
Publication Date: 15. 01. 2010
Product Code: r-7201-09
In December 2009, export prices increased by 0.9% and import prices by 1.7%, month-on-month. Year-on-year, export prices decreased by 3.9% and import prices by 3.2%. The terms of trade figures reached 99.2%, m-o-m, and 99.3%, y-o-y.
Comparing the average values over the year 2009 with the year 2008, export prices increased by 0.2%, import prices decreased by 3.5% and the terms of trade figures reached 103.8%.
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Month-on-month comparison:
- Exports: export prices increased by 0.9% in December (they stayed unchanged in November). The growth of the total m-o-m export price index came mainly from a 1.4% price increase in ‘machinery and transport equipment’. The price growth was recorded also in ‘crude materials, inedible, except fuels’ by 3.6%, ‘food and live animals’ by 1.1% and prices of ‘miscellaneous manufactured articles’ by 0.9%. Price fall was registered only in prices of ‘manufactured goods, classified chiefly by materials’ by 0.4%.
- Imports: import prices went up by 1.7% (+0.6% in November). Increase of the total m-o-m import price index was driven mainly by a 1.4% growth in prices of 'machinery and transport equipment’. Prices of ‘mineral fuels, lubricants and related materials’ increased by 5.1%, prices of ‘crude materials, inedible, except fuels’ and ‘food and live animals’ went up both by 2.1%. Price fall was recorded only in prices of ‘beverages and tobacco’ by 0.3%.
- The terms of trade figures remained in negative values, when they slightly fell to 99.2% in December (99.4% in November). The lowest value of terms of trade figures was recorded for ‘mineral fuels, lubricants and related materials' (95.1%), ‘manufactured goods classified chiefly by materials’ (98.8%) and ‘food and live animals’ (99.0%). The terms of trade figures in ‘machinery and transport equipment’ stood at 100.0%. Among sections important in terms of weight positive terms of trade figures were registered in ‘crude materials, inedible, except fuels’ (101.5%) and ‘chemicals and related products’ (100.1%).
Year-on-year comparison:
- Exports: export prices decreased for the fifth month in a row, this time by 3.9% (-3.4% in November). Fall of the total y-o-y export price index was mainly affected by a 10.7% price drop in ’manufactured goods classified chiefly by material’. More marked price drops were recorded in ‘mineral fuels, lubricants and related materials’ by 8.0%, ‘food and live animals’ and ‘chemicals and related products’ decreased identically by 4.4%. Price growth was reported only for ‘crude materials, inedible, except fuels’ by 7.4%.
- Imports: import prices slowed down their drop and fell by 3.2% (-5.7% in November). The drop of the total y-o-y import price index came mainly from a 4.6% price decrease in ’manufactured goods classified chiefly by material’. Among important sections price decrease were recorded in ‘crude materials, inedible, except fuels’ by 18.4%, ‘food and live animals’ by 6.2% and ‘machinery and transport equipment’ by 2.3%. Price increase was observed only in ‘mineral fuels, lubricants and related materials’ by 4.6%, it was first time since October 2008.
- The terms of trade figures reached 99.3% in December (102.4% in November) and ended up in negative values (negative figures were last registered in October 2008). Negative values of terms of trade figures were reported for ‘mineral fuels, lubricants and related materials’ (88.0%), ’manufactured goods classified chiefly by material’ (93.6%) and ‘beverages and tobacco’ (97.8%). Among sections important in terms of weight, positive values of the terms of trade figures were reported for ‘crude materials, inedible, except fuels’ (131.6%), ‘food and live animals’ (101.9%), ‘miscellaneous manufactured articles’ (101.6%) and ‘machinery and transport equipment' (101.1%).
Trend in 2009
Year-on-year comparison:
- For the whole year 2009 export prices increased by 0.2% (-4.6% in 2008), import prices decreased by 3.5% (-3.3% in 2008) on average.
- Exports: export prices of ‘beverages and tobacco’ increased by 4.6%, ‘miscellaneous manufactured articles’ by 4.2% and prices of ‘machinery and transport equipment' by 4.0%. Among important sections, prices of ‘crude materials, inedible, except fuels’ decreased by 17.9%, ‘mineral fuels, lubricants and related materials’ by 10.8%, ‘chemicals and related products’ by 7.0% and prices of ’manufactured goods classified chiefly by material’ by 1.7%.
- Imports: the biggest drops of import prices were observed in prices of ‘mineral fuels, lubricants and related materials’ by 26.0%, ‘chemicals and related products’ by 4.0%, ’manufactured goods classified chiefly by material’ by 3.4% and prices of ‘crude materials, inedible, except fuels’ by 3.2%. On the contrary, among important sections in terms of weight, the biggest growths were registered in ‘miscellaneous manufactured articles’ by 3.8% and in ‘machinery and transport equipment' by 2.2%.
- The terms of trade figures in total reached positive value 103.8% in 2009 (98.7% in 2008). However, their growth slowed down in the last quarter 2009, when the terms of trade figures reached 102.3%.
Note:
Contact: Vladimír Klimeš, phone (+420) 2 74 054 102, e-mail: vladimir.klimes@csu.gov.cz
Data source: CZSO survey
End of data collection: Last calendar day of the month
End of data processing: Import and export price indices: 15th calendar day after next month
Related publications: 7201-09 Import and Export Price Indices in the Czech Republic
Detailed (Internet: /produkty/export-and-import-price-indices-in-the-czech-republic-2009-2sc5fdjbfg )
The data released are final.