Export and import price indices - July 2012

In July 2012, export prices decreased by 0.4%, import prices by 0.5%, month-on-month. Export prices went up by 4.7%, import prices by 5.5%, year-on-year. The terms of trade figures reached 100.1%, m-o-m, and 99.2%, y-o-y.

Month-on-month comparison:

Exports: export prices decreased by 0.4% in July (+0.8% in June). The change of the total m-o-m export price index was driven mainly by a 2.7% price drop in ‘chemicals and related products’. Among important sections, prices in ‘manufactured goods classified chiefly by material’, ‘miscellaneous manufactured articles’ and ‘machinery and transport equipment’ went down by 0.7%, 0.6% and 0.2%, respectively. Prices increased in ‘food and live animals’ (+1.2 %) and ‘mineral fuels, lubricants and related materials’ (+1.1%).

Imports: import prices fell by 0.5% (−0.1% in June). The change of the total m-o-m import price index was driven mainly by price fall in ‘chemicals and related products’ (−1.9%) and ‘manufactured goods classified chiefly by material’ (−0.8%). Significant drops were recorded in ‘food and live animals’ (−1.1 %) and ‘crude materials, inedible, except fuels’ (−0.9%). Prices in ‘machinery and transport equipment’ did not change. Prices grew in ‘beverages and tobacco’ (+1.1%), and ‘animal and vegetable oils, fats and waxes’ (+0.8%).

The terms of trade figures reached 100.1% (100.9% in June). Among important sections, positive values of the terms of trade figures were recorded in ‘food and live animals’ (102.3%), ‘mineral fuels, lubricants and related materials‘ (101.2%) and ‘manufactured goods classified chiefly by material’ (100.1%). Significant negative values of the terms of trade figures were reported in ‘chemicals and related products’ (99.2%), ’miscellaneous manufactured articles’ (99.6%) and ‘machinery and transport equipment’ (99.8%).

Year-on-year comparison:

Exports: export prices increased by 4.7% (+5.1% in June). The change of the total y-o-y export price index was driven mainly by a 5.7% price growth in ‘machinery and transport equipment’. Among important sections, price growth was registered in ‘miscellaneous manufactured articles’ (+5.3%), ‘chemicals and related products’ (+4.5%) and ‘manufactured goods classified chiefly by material’ (+4.0%). Significant price drop was recorded in ‘mineral fuels, lubricants and related materials’ (−2.0%).

Imports: import prices increased by 5.5% (+6.6% in June). The growth was supported by significant weakening koruna against dollar. Change of the total y-o-y import price index came mainly from a 6.2% price increase in ‘machinery and transport equipment’. Among important sections, prices were rising in ‘mineral fuels, lubricant and related products’ (+12.0%; +15.4% in June), ‘miscellaneous manufactured articles’ (+5.0%) and 'chemicals and related products’ (+4.0%). Price drop was registered only in ‘crude materials, inedible, except fuels’ (−2.0%).

The terms of trade increased to 99.2% (98.6% in June) and they have stayed in negative values for the thirty-second straight month. Among important sections, negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials' (87.5%), ‘food and live animals’ (96.6%) and ‘machinery and transport equipment‘ (99.5%). Positive values of the terms of trade figures, among important sections, reached ’manufactured goods classified chiefly by material’ (102.6%), ‘chemicals and related products’ (100.5%) and ‘miscellaneous manufactured articles’ (100.3%).


Notes:
Responsible manager of the CZSO: Jiri Mrazek, 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: 15th calendar day after the reference month
Related publications: 720144-12 Import and Export Price Indices in the Czech
Republic
/produkty/export-and-import-price-indices-in-the-czech-republic-2012-1y6dxg5090
Specific methodical notes: The data released are final.
Next News Release: 15 October 2012

This press release was not edited for language.