Export and import price indices - July

In July 2009, export prices decreased by 2.3% and import prices by 2.4%, month-on-month. Year-on-year, export prices increased by 0.5% and import prices decreased by 4.4%. The terms of trade figures reached 100.1%, m-o-m, and 105.1%, y-o-y.
Month-on-month comparison:

- Exports : export prices decreased by 2.3% in July (0.6% in June), especially due to notable strengthening of the Czech crown to Euro and US Dollar. The drop of the total m-o-m export price index came mainly from a 2.6% price drop in ‘machinery and transport equipment’. Prices of 'mineral fuels, lubricants and related materials’ decreased notably by 3.0%, prices of ‘food and live animals’ were lower by 2.5% and prices of ‘manufactured goods classified chiefly by materials’ decreased by 2.3%. Growing were only prices of ‘crude materials, inedible, except fuels’ (+0.6%).

- Imports: Import prices dropped by 2.4% (-0.5% in June). Decrease of the total m-o-m import price index was driven mainly by a 1.8% drop in prices of 'machinery and transport equipment’. Significant price drops were recorded in ‘mineral fuels, lubricants and related materials' (-4.9%), ‘food and live animals’ (-2.7%) and prices of ‘manufactured goods classified chiefly by materials’ with prices of ‘miscellaneous manufactured articles’ (both -2.5%). Prices were decreasing in all other sections, too.

- The terms of trade figures reached positive values after three months increasing moderately to reach 100.1% (99.9% in June). Positive terms of trade figures among important sections were recorded for ‘crude materials, inedible, except fuels’ (102.5%), ‘mineral fuels, lubricants and related materials' (102.0%) and ‘chemicals’ (101.4%). By contrast, significant negative values were recorded in ‘beverages and tobacco’ (97.3%) and ‘machinery and transport equipment’ (99.2%).

Year-on-year comparison:

- Exports: export prices increased by 0.5% in July (1.5% in June). Among important sections higher prices were observed in ‘miscellaneous manufactured articles’ by 6.5% and ‘machinery and transport equipment’ by 6.4%. By contrast, more marked price drops were recorded in ‘crude materials, inedible, except fuels’ (-26.3%), ‘mineral fuels, lubricants and related materials’ (-17.9%) and ‘food and live animals’ (-10.4%).

- Imports : import prices were decreasing for the fourth month, this time by 4.4% (-3.3% in June). Change of the total y-o-y import price index was mainly affected by a 37.1% price decrease in 'mineral fuels, lubricants and related materials'. Among sections important in terms of weight, the biggest price drops were recorded in ’manufactured goods classified chiefly by material’ (-4.0%) and ‘chemicals’ (-3.4%). By contrast, more significant price increases were observed in ‘miscellaneous manufactured articles’ (+5.6%) and ‘machinery and transport equipment’ (+5.5%).

- The terms of trade figures reached 105.1% in July (105.0% in June) to show the highest value since November 2001. Higher values of the terms of trade figures were recorded for ‘mineral fuels, lubricants and related materials' (130.5%), ‘manufactured goods classified chiefly by materials’ (101.3%) and ‘machinery and transport equipment‘ with ‘miscellaneous manufactured articles’ (both 100.9%). By contrast, negative values were recorded in ‘crude materials, inedible, except fuels’ (73.1%), ‘food and live animals’ (91.2%) and ‘chemicals’ (96.8%).

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Note:
Contact: Vladimír Klimeš, phone (+420) 274 054 102, 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.