Export and import price indices - March 2011
Export and import prices increased
Publication Date: 16. 05. 2011
Product Code: r-7201-11
In March 2011, export prices increased by 0.4%, import prices by 0.8%, month-on-month. Export prices rose by 1.6% and import prices by 5.3%, year-on-year. The terms of trade figures reached 99.6%, m-o-m, and 96.5%, y-o-y.
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Month-on-month comparison:
- Exports: export prices increased by 0.4% in March (-0.2% in February). Growth of the total m-o-m export price index came mainly from a 1.2% price growth in ‘manufactured goods classified chiefly by material’. The biggest growths were reported in prices of ‘chemicals and related products’ by 2.5%, ‘mineral fuels, lubricants and related materials‘ by 2.0% and ‘food and live animals’ by 1.4%. On the contrary, among important sections, the prices decreased in ‘crude materials, inedible, except fuels’ and ‘machinery and transport equipment’ by 0.5% and 0.3%, respectively.
- Imports: import prices went up by 0.8% (unchanged in February). Increase of the total m-o-m import price index was driven mainly by 6.1% price growth in ‘mineral fuels, lubricants and related materials’. Significant growths were recorded in prices of ‘crude materials, inedible, except fuels’ (2.3%), ‘manufactured goods classified chiefly by material’ (0.7%) and ‘chemicals and related products’ (0.6%). Among important sections, price drop was registered in ‘food and live animals’
(-0.9%) and ‘machinery and transport equipment’ (-0.6%). - The terms of trade figures fell to 99.6% (99.8% in February) and remained in negative values. Negative values of the terms of trade figures, among important sections, were recorded in ‘mineral fuels, lubricants and related materials’ (96.1%) and ‘crude materials, inedible, except fuels’ (97.3%). On the contrary, positive values of the terms of trade figures reached prices in ‘food and live animals’ (102.3%), ‘chemicals and related products’ (101.9%), ‘manufactured goods classified chiefly by material’ (100.5%) and ‘machinery and transport equipment’ (100.3%).
Year-on-year comparison:
- Exports: export prices increased by 1.6% (+0.2% in February). Index was affected mainly by price growth in ‘manufactured goods classified chiefly by material’ by 6.7%. Among sections important in terms of weight, the price growths were recorded in ‘mineral fuels, lubricants and related materials’ (22.6%), ‘crude materials, inedible, except fuels’ (16.2%), ‘food and live animals’ (9.7%) and ‘chemicals and related products’ (9.2%). Prices of ‘machinery and transport equipment’ and ‘miscellaneous manufactured articles’ decreased by 3.9% and 0.7%, respectively.
- Imports: import prices rose by 5.3% (+4.3% in February). The growth of the total y-o-y import price index came mainly from a 24.9% price increase in ‘mineral fuels, lubricants and related materials'. Significant price growths were recorded in ‘crude materials, inedible, except fuels’ (44.1%), manufactured goods classified chiefly by material’ (8.1%) and ‘chemicals and related products’ (5.4%). Prices dropped in ‘machinery and transport equipment’ (-2.4%) and ‘miscellaneous manufactured articles' (-2,2%).
- The terms of trade slightly increased to 96.5% (96.1% in February), however they remained in negative values for the sixteenth month. Negative values of the terms of trade figures recorded ‘crude materials, inedible, except fuels’ (80.6%), ‘mineral fuels, lubricants and related materials' (98.2%), 'machinery and transport equipment' (98.5%) and ’manufactured goods classified chiefly by material’ (98.7%). On the contrary, positive values of the terms of trade figures were recorded in ‘food and live animals’ (109.4%), ‘chemicals and related products’ (103.6%) and ‘miscellaneous manufactured articles’ (101.5%).
Text not edited for language.
Analysis - External trade price indices development in Q1 2011
Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director
Contact: Vladimír Klimeš, phone (+420) 274 054 10 2, 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
End of data processing: 10th calendar day after the following month
Specific methodical notes: The data released are final.
Related publications: 720144-11 Import and Export Price Indices in the Czech Republic
Detailed structure: /produkty/export-and-import-price-indices-in-the-czech-republic-2011-o2qhupox2g
Next News Release: 15 June 2011