Export and import price indices - January 2016

In January 2016, export prices decreased by 0.7%, import prices by 1.5%, the terms of trade figures reached 100.8%, month-on-month. Export prices decreased by 4.2%, import prices by 5.1%, the terms of trade reached 100.9%, year-on-year.
 

Month-on-month comparison:

Exports: export prices fell 0.7% in January (-0.4% in December). The change of the total m-o-m export price index was driven mainly by a 1.0% price drop in ‘manufactured goods classified chiefly by material’. Significantly prices fell in ‘mineral fuels, lubricants and related materials’ (-5.2%), ‘crude materials, inedible, except fuels’ (-2.5%), ‘chemicals and related products’ (-1.2%) and ‘machinery and transport equipment’ (-0.2%). Price growth was registered only in ‘beverages and tobacco’ (+0.1%).

Imports: import prices decreased by 1.5% in January (-1.2% in December). The change of the total m-o-m import price index was driven mainly by a 9.7% price drop in ‘mineral fuels, lubricants and related materials’. Prices of ‘manufactured goods classified chiefly by material’, ‘chemicals and related products’ and ‘machinery and transport equipment’ decreased 1.9%, 0.8% and 0.4%, respectively. Prices rose especially in ‘food and live animals’ (+0.3%).

The terms of trade figures stayed at 100.8% (100.8% in December). Positive values of terms of trade were reached by prices of ‘mineral fuels, lubricants and related materials’ (105.0%), ‘manufactured goods classified chiefly by material’ (100.9%) and ‘machinery and transport equipment’ (100.2%). Prices of ‘crude materials, inedible, except fuels’ and ‘food and live animals’ reached lowest negative values of terms of trade – 98.0% and 98.8%; respectively.
 

Year-on-year comparison:

Exports: export prices decreased by 4.2% (-3.3% in December). The change of the total y-o-y export price index was driven mainly by a 2.9% price drop in ‘machinery and transport equipment’. Prices were falling in ‘mineral fuels, lubricants and related materials’ (-15.3%; due to ‘petroleum and petroleum products’), ’crude materials, inedible, except fuels’ (-13.1%) and ‘manufactured goods classified chiefly by material’ (-6.3%). Prices were rising just in ‘animal and vegetable oils’ (+1.1%) and ‘beverages and tobacco’ (+0.5%).

Imports: import prices fell 5.1% (-3.9% in December). The change of the total y-o-y import price index came mainly from a 29.5% price drop in ‘mineral fuels, lubricants, and related products’. Prices of ‘crude materials, inedible, except fuels’, ‘manufactured goods classified chiefly by material’ and ‘machinery and transport equipment’ decreased by 8.7%, 6.5% and 0.1%, respectively. %). Prices were rising just in ‘animal and vegetable oils’ (+3.1%).

The terms of trade figures increased to the value of 100.9% (100.6% in December) staying in positive values for fifth month. Among important sections, positive values of the terms of trade figures were reached only by ‘mineral fuels, lubricants and related materials’ (120.1%), ‘chemicals and related products’ (100.7%) and ‘manufactured goods classified chiefly by material’ (100.2%). Prices of ‘crude materials, inedible, except fuels’ (95.2%), ‘food and live animals’ (96.4%) and ‘machinery and transport equipment‘ (97.2%) reached negative values of terms of trade.
 

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Notes:
Responsible manager of the CZSO: Jiří Mrázek, Department Director
Contact: Vladimír Klimeš, phone (+420) 274 054 102, e-mail: vladimir.klimes@csu.gov.cz
Method of data collection: Selective survey of the CZSO
End of data collection: 16th calendar day after the reference month
Related publications: 013012-16 Import and Export Price Indices in the Czech Republic https://csu.gov.cz/export-and-import-price-indices
Specific methodical notes: The data released are final.
Next News Release: 18 April 2016