International Trade in Goods Price Indices - August 2024

Export prices
In month-on-month comparison, export prices decreased by 0.4% (after exchange rate adjustment increased by 0.2%). The prices decreased significantly in ‘coke and refined petroleum products’, ‘products of forestry, logging and related services’ and in ‘basic metals’, by 7.5%, 3.0% and 2.1%, respectively. The biggest increase was recorded in ‘electricity, gas, steam and air conditioning’ (specifically electricity) and in ‘textiles’, by 14.6% and 1.2%, respectively.

In year-on-year comparison, export prices increased by 4.0% (after exchange rate adjustment by 0.5%). The biggest increase was recorded in ‘waste collection, treatment and disposal services’, ‘products of forestry, logging and related services’ and in ‘furniture’, by 18.0%, 15.3% and 14.2%. Significantly, prices decreased in ‘coke and refined petroleum products’ and ‘products of agriculture, hunting and related services’, by 13.4% and 1.6%, respectively.

Import prices
In month-on-month comparison, import prices decreased by 0.3% (after exchange rate adjustment increased by 0.2%). The prices decreased especially in ‘coke and refined petroleum products’, by 6.5%, in ‘machinery and equipment’ and in ‘chemicals and chemical products’, both by 1.1%. The prices increased significantly in ‘electricity, gas, steam and air conditioning’ (specifically electricity), ‘crude petroleum and natural gas’ and in ‘motor vehicles, trailers and semi-trailers’, by 12.0%, 2.2% and 0.7%, respectively.

In year-on-year comparison, import prices increased by 3.1% (after exchange rate adjustment decreased by 0.1%). The prices increased significantly in ‘other transport equipment’, ‘crude petroleum and natural gas’ and in ‘textiles’, by 10.6%, 7.5% and 6.7%, respectively. Prices decreased in ‘coke and refined petroleum products’, ‘leather and related products’ and in ‘electricity, gas, steam and air conditioning’, by 14.3%, 4.9% and 3.2%, respectively.

“In August the month-on-month exchange rate of Czech Koruna strengthened against Euro and US Dollar. Month-on-month export prices decreased by 0.4% and import prices decreased by 0.3%. In year-on-year comparison export prices increased by 4.0% and import prices increased by 3.1%. Significantly decreased prices in ‘coke and refined petroleum products’”, Vladimír Klimeš, Head of the Industrial and International Trade Prices Statistics Unit of the Czech Statistical Office, noted.

The terms of trade
In month-on-month comparison, the terms of trade reached the value of 99.8% (99.9% in July). Significant negative value reached ‘basic metals’ and ‘food products’ (both 98.7%) and significant positive value reached especially ‘electricity gas, steam and air conditioning’ (102.3%).

In year-on-year comparison, the terms of trade reached the value of 100.9% (100.4% in July). Significant positive value reached ‘wood and of products of wood and cork, except furniture’ (109.7%) and negative value reached ‘textiles’ (93.9%).