In June 2015, export prices decreased by 0.5%, import prices by 0.3%, the terms of trade figures reached 99.8%, m-o-m. Export prices decreased by 0.9%, import prices by 0.5%, the terms of trade reached 99.6%, year-on-year.
Month-on-month comparison:
Exports: export prices fell 0.5% in June (-0.2% in May). The change of the total
m-o-m export price index was driven mainly by a 0.6% price drop in ‘machinery and transport equipment’. Among important sections, prices plummeted in ‘crude materials, inedible, except fuels’ (-1.5%), ‘manufactured goods classified chiefly by material’ (-0.8%) and ‘miscellaneous manufactured articles’ (-0.4%). Prices of ‘mineral fuels, lubricants and related materials’ and ‘chemicals and related products’ rose 1.4% and 0.4%, respectively.
Imports: import prices dropped 0.3% in June (-0.4% in May). The change of the total
m-o-m import price index was driven mainly by a 0.4% price drop in ‘machinery and transport equipment’. Prices fell significantly in ‘food and live animals’ (-0.5%), ‘miscellaneous manufactured articles’ (-0.4%), and ‘manufactured goods classified chiefly by material’ (-0.3%). Prices of ‘mineral fuels, lubricants and related materials’ and ‘crude materials, inedible, except fuels’ grew 0.8% and 0.1%, respectively.
The terms of trade figures decreased to value of 99.8% (100.2% in May). Significant negative values were reached by prices of ‘crude materials, inedible, except fuels’ (98.4%), ‘manufactured goods classified chiefly by material’ (99.5%), and ‘machinery and transport equipment’ (99.8%). Prices of ‘mineral fuels, lubricants and related materials’ and ‘chemicals and related products’ reached positive values of terms of trade – 100.6% and 100.5%, respectively.
Year-on-year comparison:
Exports: export prices decreased by 0.9% (-0.3% in May). The change of the total y-o-y export price index was driven mainly by a 9.6% price drop in ‘mineral fuels, lubricants and related materials’. Prices of ‘food and live animals’, ’crude materials, inedible, except fuels’ and ‘manufactured goods classified chiefly by material’ dropped 7.3%, 3.8%, and 1.3%, respectively. Prices of ‘machinery and transport equipment’ did not change. Among important sections, prices were rising in ‘miscellaneous manufactured articles’ (+0.3%).
Imports: import prices fell 0.5% (+0.1% in May). The change of the total y-o-y import price index came mainly from a 19.2% price drop in ‘mineral fuels, lubricants, and related products’. Prices of ‘crude materials, inedible, except fuels’ and ‘chemicals and related products’ decreased by 8.2% and 0.6%, respectively. Biggest price growth was registered in ‘miscellaneous manufactured articles’ (+4.8%), ‘machinery and transport equipment‘ (+3.3%) and ‘manufactured goods classified chiefly by material’ (+1.4%).
The terms of trade figures stayed at the value of 99.6% (99.6% in May) staying in negative values for third month. Among important sections, negative values of terms of trade were reached by prices of ‘food and live animals’ (91.8%), ‘miscellaneous manufactured articles’ (95.7%), and ‘machinery and transport equipment‘ (96.8%). Highest positive values of the terms of trade figures were registered by ‘mineral fuels, lubricants and related materials’ (111.9%) and ‘crude materials, inedible, except fuels’ (104.8%).
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: 013012-15 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: 16 September 2015
