Export and import price indices - November 2012

In November 2012, export prices increased by 0.9%, import prices by 0.9%, month-on-month. Export prices went up by 0.3%, import prices by 1.3%, year-on-year. The terms of trade figures reached 100.0%, m-o-m, and 99.0%, y-o-y.

Month-on-month comparison:

Exports: export prices increased by 0.9% in November (+0.5% in October). The change of the total m-o-m export price index was driven mainly by a 1.4% price growth in ‘machinery and transport equipment’. Among important sections, prices rose in ‘food and live animals’ (+2.4%), ‘chemicals and related products’ (+1.0%), ‘miscellaneous manufactured articles’ (+0.5%) and ‘manufactured goods classified chiefly by material’ (+0.4%). Prices decreased in ‘mineral fuels, lubricants and related materials’ (-1.4%) and ‘crude materials, inedible, except fuels’ (-0.1%).

Imports: import prices increased by 0.9% (+0.3% in October). The change of the total m-o-m import price index was driven mainly by a 1.0% price growth in ‘machinery and transport equipment’. Significant growth was recorded in ‘food and live animals’ (+2.4%); prices in ‘miscellaneous manufactured articles’, ‘chemicals and related products‘ and ‘mineral fuels, lubricants and related material’ increased identically by 0.8%. Significant price drop was registered in ‘crude materials, inedible, except fuels’ (-2.2%).

The terms of trade figures slightly decreased to 100.0% (100.2% in October). Positive values of the terms of trade figures, among important sections, were recorded in ‘crude materials, inedible, except fuels’ (102.1%), ‘machinery and transport equipment’ (100.4%) and ‘chemicals and related products’ (100.2%). Significant negative values of the terms of trade figures reached ‘mineral fuels, lubricatns and related materials’ (97.8%), ‘manufactured goods classified chiefly by material’ (99.7%) and ‘miscellaneous manufactured articles’ (99.7%).

Year-on-year comparison:

Exports: export prices increased by 0.3% (+1.3% in October). The change of the total y-o-y export price index was driven mainly by a 4.0% price growth in ‘chemicals and related products’. Among important sections, price growth was registered in ‘food and live animals’ (+5.5%), ‘miscellaneous manufactured articles’ (+1.7%) and ‘machinery and transport equipment’ (+0.5%). Significant price drop was recorded in ‘mineral fuels, lubricants and related materials’ (−9.1%) and ‘manufactured goods classified chiefly by material’ (-1.1%).

Imports: import prices increased by 1.3%, nevertheless moderating their growth rate (+2.2% in October). Change of the total y-o-y import price index came mainly from a 6.0% price growth in ‘mineral fuels, lubricant and related products’. Among important sections, prices were rising in ‘food and live animals’ (8.0%), 'chemicals and related products’ (+2.6%) and ‘machinery and transport equipment’ (+0.9%). Price drop was registered only in ‘crude materials, inedible, except fuels’ (−10.7%); prices in ‘manufactured goods classified chiefly by material’ and ‘miscellaneous manufactured articles’ fell identically by 0.8%.

The terms of trade slightly decreased to 99.0% (99.1% in October) and they have stayed in negative values for the thirty-sixth straight month. Among important sections, negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials' (85.8%), ‘food and live animals’ (97.7%) and ‘machinery and transport equipment‘ (99.6%). Positive values of the terms of trade figures, among important sections, reached ‘crude material, inedible, except fuel’ (116.6%), ‘miscellaneous manufactured articles’ (102.5%) and ‘chemicals and related products’ (101.4%).

Czech Statistical Office has been preparing a revision of external trade price indices.
From January 2013, export and import price indices will be calculated using new weightening scheme based upon External trade statistics data from year 2010 and implementing new price base y. 2010 average = 100. New indices will be chained to existent time series (2005 average = 100) thus enabling continuation of current time series. Hitherto published indices will not be revised.

Data release for January 2013 will be postponed one week until 22 ^nd March 2013, according to Catalogue of Products.


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 February 2013

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