International Trade in Goods Price Indices - October 2024

Export prices
In month-on-month comparison, export prices increased by 0.9% (after exchange rate adjustment by 0.2%). The biggest increase was recorded in ‘electricity, gas, steam and air conditioning’, ‘products of forestry, logging and related services’ and in ‘coke and refined petroleum products’, by 6.8%, 6.3% and 3.6%, respectively. The prices decreased significantly in ‘waste collection, treatment and disposal services’ and in ‘basic metals’, by 2.9% and 1.4%, respectively.

In year-on-year comparison, export prices increased by 3.0% (after exchange rate adjustment by 0.9%). The biggest increase was recorded in ‘wood and of products of wood and cork, except furniture’, ‘products of forestry, logging and related services’ and in ‘other transport equipment’, by 10.4%, 9.7% and 7.3%, respectively. Significantly, prices decreased in ‘coke and refined petroleum products’ and in ‘other non-metallic mineral products’, by 20.2% and 1.5%, respectively.

Import prices
In month-on-month comparison, import prices increased by 1.0% (after exchange rate adjustment by 0.2%). The prices increased significantly in ‘electricity, gas, steam and air conditioning’, ‘coke and refined petroleum products’ and in ‘crude petroleum and natural gas’, by 6.0%, 4.2% and 2.2%, respectively. The prices decreased in ‘furniture’ by 0.4%.

In year-on-year comparison, import prices increased by 0.6% (after exchange rate adjustment decreased by 1.0%). The prices increased significantly in ‘food products’, ‘textiles’ and in ‘motor vehicles, trailers and semi-trailers’, by 9.1%, 5.4% and 4.4%, respectively. Significantly decreased prices in ‘coke and refined petroleum products’, ‘crude petroleum and natural gas’ and in ‘leather and related products’, by 22.4%, 7.4% and 5.1%, respectively.

“In October the prices of international trade in goods were significantly affected by the exchange rate of Czech Koruna to Euro and US Dollar. The month-on-month export prices increased by 0.9% and import prices increased by 1.0%. In year-on-year comparison export prices increased by 3.0% and import prices increased by 0.6%. A significant year-on-year decrease was recorded in the prices of fuel”, 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 99.9% (100.1% in September). Significant negative value reached ‘basic metals’ (98.6%) and positive value reached ‘basic pharmaceutical products and pharmaceutical preparations’ (101.3%).

In year-on-year comparison, the terms of trade reached the value of 102.4% (101.9% in September). Significant positive value reached ‘other transport equipment’ (110.1%) and negative value reached ‘food products’ (95.1%).