Export and import price indices - September 2013

In September 2013, export prices decreased by 0.1%, import prices by 0.2%, month-on-month. Export prices increased by 1.1%, import prices fell 0.3%, year-on-year. The terms of trade figures reached 100.1%, m-o-m, and 101.4%, y-o-y.

Month-on-month comparison:

Exports: export prices decreased by 0.1% in September (-0.7% in August). The change of the total m-o-m import price index was driven mainly by a 0.5% price drop in ‘manufactured goods classified chiefly by material’. Among important sections biggest price drop occurred in ‘food and live animals’ (-0.7%) and ‘miscellaneous manufactured articles’ (-0.3%). Highest price growth was registered in ‘mineral fuels, lubricants and related materials’ (+1.9%) and ‘chemicals and related products’ (+0.8%). Prices of ‘machinery and transport equipment’ did not change.

Imports: import prices decreased by 0.2% (-0.8% in August). The change of the total m-o-m import price index was driven mainly by a 0.6% price drop in ‘machinery and transport equipment’. Among important sections prices went down significantly in ‘crude materials, inedible, except fuels’ (-1.4%), ‘manufactured goods classified chiefly by material’ (-0.3%) and ‘miscellaneous manufactured articles’ (-0.2%). Biggest price growth was registered in ‘mineral fuels, lubricants and related materials’ (+1.1%).

The terms of trade stayed at 100.1% (100.1% in August). Positive values among important sections were recorded in ‘crude materials, inedible, except fuels’ (101.8%), ‘chemicals and related products’ (100.7%) and ‘machinery and transport equipment’ (100.6%). Negative values of the terms of trade figures reached ‘food and live animals’ (99.2%), ‘manufactured goods classified chiefly by material’ (99.8%) and ‘miscellaneous manufactured articles’ (99.9%).

Year-on-year comparison:

Exports: export prices increased by 1.1% (+0.3% in August). The change of the total y-o-y export price index was driven mainly by a 2.1% price growth in ‘machinery and transport equipment’. Among important sections, prices prominently grew in ‘miscellaneous manufactured articles’ (+2.3%) and ‘chemicals and related products’ (+0.8%). Biggest price drop occured in ‘crude materials, inedible, except fuels’ (-5.0%) and ‘mineral fuels, lubricants and related materials’ (-2.6%).

Imports: import prices decreased by 0.3% (-1.4% in August). The change of the total y-o-y import price index came mainly from a 6.6% price drop in ‘mineral fuels, lubricants and related materials’. Prices of ‘crude materials, inedible, except fuels’ and ‘chemicals and related products’ fell 6.4% and 0.6%, respectively. Significant price growth among important sections was registered in ‘food and live animals’ (+6.2%), ‘miscellaneous manufactured articles’ (+1.8%) and ‘machinery and transport equipment’ (+0.8%).

The terms of trade figures fell to 101.4% (101.7% in August), however keeping positive values for nineth month. Among important sections, highest positive values of the terms of trade figures were registered in ‘mineral fuels, lubricants and related materials’ (104.3%), ‘crude materials, inedible, except fuels’ (101.5%), ‘chemicals and related products’ (101.4%) and ‘machinery and transport equipment‘ (101.3%). Negative values of the terms of trade figures reached only ‘food and live animals’ (94.1%).

Analysis - External trade price indices development in Q3 2013


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: 15th calendar day after the reference month
Related publications: 720144-13 Import and Export Price Indices in the Czech Republic /produkty/export-and-import-price-indices-in-the-czech-republic-2013-7scbqjgrxm
Specific methodical notes: The data released are final.
Next News Release: 16 December 2013