International Trade in Goods Price Indices - September 2024

Export prices
In month-on-month comparison, export prices decreased by 0.5% (after exchange rate adjustment by 0.2%). The prices decreased significantly in ‘coke and refined petroleum products’, ‘electricity, gas, steam and air conditioning’ and in ‘waste collection, treatment and disposal services’, by 8.1%, 7.3% and 2.9%, respectively. The biggest increase was recorded in ‘products of agriculture, hunting and related services’ and in ‘computer, electronic and optical products’, by 2.4% and 0.8%, respectively.

In year-on-year comparison, export prices increased by 2.3% (after exchange rate adjustment by 0.2%). The biggest increase was recorded in ‘waste collection, treatment and disposal services’, ‘products of forestry, logging and related services’ and in ‘other transport equipment’, by 13.3%, 12.2% and 9.6%. Significantly, prices decreased in ‘coke and refined petroleum products’ and ‘electricity, gas, steam and air conditioning’, by 25.2% and 9.8%, respectively.

Import prices
In month-on-month comparison, import prices decreased by 0.6% (after exchange rate adjustment by 0.3%). The biggest decrease was recorded in ‘coke and refined petroleum products’, ‘electricity, gas, steam and air conditioning’ and in ‘crude petroleum and natural gas’, by 9.4%, 7.3% and 3.2%, respectively. The biggest increase was recorded in ‘furniture’, ‘wearing apparel’ and in ‘food products’, by 3.8%, 2.4% and 2.0%, respectively.

In year-on-year comparison, import prices increased by 0.4% (after exchange rate adjustment decreased by 1.2%). The prices increased significantly in ‘other transport equipment’, ‘food products’ and in ‘textiles’, by 9.4%, 8.0% and 5.3%, respectively. Prices decreased significantly in ‘coke and refined petroleum products’, ‘electricity, gas, steam and air conditioning’ and in ‘crude petroleum and natural gas’, by 27.4%, 16.1% and 4.8%, respectively.

“In September the month-on-month export prices decreased by 0.5% and import prices decreased by 0.6%. In year-on-year comparison export prices increased by 2.3% and import prices increased by 0.4%. A significant year-on-year decrease was recorded in the prices of fuel and electricity”, 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 100.1% (99.8% in August). Significant positive value reached ‘coke and refined petroleum products’ and ‘computer, electronic and optical products’ (both 101.4%) and negative value reached ‘furniture’ (94.2%).

In year-on-year comparison, the terms of trade reached the value of 101.9% (100.9% in August). Significant positive value reached ‘wood and of products of wood and cork, except furniture’ (108.3%) and negative value reached ‘textiles’ (95.9%).