Export and import price indices - October
Export and import prices increased after seven months, month-on-month
Publication Date: 15. 11. 2009
Product Code: r-7201-09
In October 2009, export and import prices both increased by 1.5%, month-on-month. Year-on-year, export prices decreased by 3.2% and import prices by 8.1%. The terms of trade figures reached 100.0%, m-o-m, and 105.3%, y-o-y.
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Month-on-month comparison:
- Exports: export prices increased by 1.5% (-1.0% in September), especially due to the weakening of the Czech crown to Euro. The growth of the total m-o-m export price index came mainly from a 1.3% price growth in ‘machinery and transport equipment’. The biggest price growth was recorded in ‘mineral fuels, lubricants and related materials’ (+6.8%). The prices of ‘crude materials, inedible, except fuels’ increased by 1.9%, prices in ‘miscellaneous manufactured articles’ increased by 1.5% and prices of ‘manufactured goods classified chiefly by material’ by 1.3%. The price drop was recorded only in ‘food and live animals’ (-1.0%).
- Imports: import prices grew by 1.5% (-1.3% in September). Increase of the total m-o-m import price index was driven mainly by a 1.3% growth in prices of ‘machinery and transport equipment’. The prices of ‘mineral fuels, lubricants and related materials’ increased by 4.3% and prices of ’chemicals and related products’ grew by 1.2%. The price drop was registered only in ‘animal and vegetable oils, fats and waxes’ (1.3%) and ‘beverages and tobacco’ (-0.6%).
- The terms of trade figures stood at 100.0% (100.3% in September). Among sections important in terms of weight positive values were recorded ‘mineral fuels, lubricants and related materials’ (102.4%), ‘crude materials, inedible, except fuels’ (100.9%) and ’miscellaneous manufactured articles’ (100.7%). The terms of trade figures of ‘machinery and transport equipment’ stood at 100.0%. Negative terms of trade figures were only registered in ‘food and live animals’ (97.5%) and ‘chemicals and related products’ (99,4%).
Year-on-year comparison:
- Exports: export prices decreased for the third month in a row, this time by 3.2% (-4.3% in September). Change of the total y-o-y export price index was mainly affected by a 9.5% price drop in ’manufactured goods classified chiefly by material’. More marked price decreases were recorded in ‘mineral fuels, lubricants and related materials’ (-13.9%), ‘chemicals and related products’ (-10.6%) and ‘food and live animals’ (7.7%). Price growths were reported only for ‘miscellaneous manufactured articles’ (+1.7%) and ‘machinery and transport equipment’ (+1.1%).
- Imports: import prices slowed down their fall to decrease by 8.1%, (-9.3% in September). The change of the total y-o-y import price index came mainly from a 31.7% price drop in 'mineral fuels, lubricants and related materials'. Among important sections price drops were recorded in ‘crude materials, inedible, except fuels’ (-22.1%), ‘chemicals and related products’ (-7.1%) and ’manufactured goods classified chiefly by material’ (-6.5%). No price increase was reported for any group.
- The terms of trade figures reached 105.3% in October (105.5% in September). Among sections important in terms of weight, higher values of the terms of trade figures were recorded for ‘mineral fuels, lubricants and related materials' (126.1%), ‘crude materials, inedible, except fuels’ (123.2%), ‘machinery and transport equipment' (102.8%) and ‘miscellaneous manufactured articles’ (102.4%). By contrast, negative values were registered in ‘chemicals and related products’ (96.2%) and ‘manufactured goods classified chiefly by materials’ (96.8%).
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.