Export and import price indices - May 2015

In May 2015, export prices decreased by 0.2%, import prices by 0.4%, the terms of trade figures reached 100.2%, m-o-m. Export prices fell 0.3%, import prices increased by 0.1%, the terms of trade reached 99.6%, year-on-year.
 

Month-on-month comparison:

Exports: export prices decreased by 0.2% in May (+0.5% in April). The change of the total
m-o-m export price index was driven mainly by a 0.3% price drop in ‘machinery and transport equipment’. Biggest price drop occurred in ‘mineral fuels, lubricants and related materials’
(-2.0%), ‘food and live animals’ (-0.7%), and ‘manufactured goods classified chiefly by material’ (- 0.6%). Among important sections, biggest price growth was registered in ‘chemicals and related products’ (+1.4%).

Imports: import prices dropped 0.4% in May (+1.0% in April). The change of the total
m-o-m import price index was driven mainly by a 0.7% price drop in ‘machinery and transport equipment’. Prices fell significantly in ‘mineral fuels, lubricants and related materials’ (-1.3%), ‘crude materials, inedible, except fuels’ (-0.7%), and ‘food and live animals’ (-0.6%). Price growth was registered only in ‘chemicals and related products’ (+0.9%).

The terms of trade figures increased to value of 100.2% (99.5% in April). Positive values were reached by prices of ‘crude materials, inedible, except fuels’ (101.6%), ‘miscellaneous manufactured articles’ (100.7%), ‘chemicals and related products’ (100.5%), and ‘machinery and transport equipment’ (100.4%). Prices of ‘mineral fuels, lubricants and related materials’ and ‘manufactured goods classified chiefly by material’ reached significant negative values of terms of trade – 99.3% and 99.6%, respectively.
 

Year-on-year comparison:

Exports: export prices decreased by 0.3% (-0.2% in April). The change of the total y-o-y export price index was driven mainly by a 10.1% price drop in ‘mineral fuels, lubricants and related materials’. Prices of ‘food and live animals’, ’crude materials, inedible, except fuels’ and ‘chemicals and related products’, decreased by 6.9%, 2.5%, and 1.5%, respectively. Among important sections, prices were rising in ‘machinery and transport equipment’ (+0.8%) and ‘miscellaneous manufactured articles’ (+0.3%).

Imports: import prices increased by 0.1% (+0.5% in April). The change of the total y-o-y import price index came mainly from a 4.2% price growth in ‘machinery and transport equipment’. Prices of ‘miscellaneous manufactured articles’, ‘food and live animals’, and ‘manufactured goods classified chiefly by material’ rose 5.7%, 2.5%, and 1.8%, respectively. Biggest price drop was registered in ‘mineral fuels, lubricants, and related products’ (-19.5%), crude materials, inedible, except fuels’ (-9.4%), and ‘chemicals and related products’ (-0.6%).

The terms of trade figures increased to value of 99.6% (99.3% in April) staying in negative values for second month. Among important sections, negative values of terms of trade were reached by prices of ‘food and live animals’ (90.8%), ‘miscellaneous manufactured articles’ (94.9%), and ‘machinery and transport equipment‘ (96.7%). Highest positive values of the terms of trade figures were registered in ‘mineral fuels, lubricants and related materials’ (111.7%) and ‘crude materials, inedible, except fuels’ (107.6%).
 

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: 18 August 2015