Export and import price indices - April 2014

Growth of external trade prices cool down again, y-o-y

16.06.2014
Code: 013014-14
 




In April 2014, export prices increased by 0.2%, import prices decreased by 0.4%, month-on-month, the terms of trade figures reached 100.6%, m-o-m. Export prices increased by 3.1%, import prices by 0.8%, the terms of trade reached 102.3%, year-on-year.

Month-on-month comparison:

Exports: export prices rose 0.2% in April (-0.6% in March). The change of the total m-o-m export price index was driven mainly by a 0.3% price growth in ‘machinery and transport equipment’. Among important sections biggest price growth occurred in ‘crude materials, inedible, except fuels’ (+0.9%), ‘manufactured goods classified chiefly by material’ (+0.5%) and ‘chemicals and related products’ (+0.3%). Prices fell in ‘mineral fuels, lubricants and related materials’ (-2.4%) and ‘miscellaneous manufactured articles’ (-0.1%).

Imports: import prices decreased by 0.4% (-0.8% in March). The change of the total m-o-m import price index was driven mainly by a 1.7% price drop in ‘mineral fuels, lubricants and related materials’. Biggest price drop was registered in prices of ‘miscellaneous manufactured articles’ (-0.9%), ‘crude materials, inedible, except fuels’ (-0.8%) and ‘food and live animals‘
(-0.2%). Prices of ‘chemicals and related products’, ‘manufactured goods classified chiefly by material’ and ‘machinery and transport equipment’ did not change. Significant price growth was registered only in ‘tobacco and beverages‘ (+0.3%).

The terms of trade figures increased to 100.6% (100.2% in March) keeping positive values for second month. Highest positive values reached prices of ‘crude materials, inedible, except fuels’ (101.7%), ‘miscellaneous manufactured articles’ (100.8%), ‘manufactured goods classified chiefly by material’ (100.5%), ‘food and live animals‘ (100.5%), ‘machinery and transport equipment’ (100.3%) and ‘chemicals and related products‘ (100.3%). On the contrary, lowest negative values reached ‘mineral fuels, lubricants and related materials’ (99.3%).

Year-on-year comparison:

Exports: export prices increased by 3.1% (+3.3% in March) due to weakening of koruna against Euro. The change of the total y-o-y export price index was driven mainly by a 3.3% price growth in ‘machinery and transport equipment’. Prices in ‘manufactured goods classified chiefly by material’ and ‘miscellaneous manufactured articles’ grew 5.1% and 3.8%, respectively. Prices of ‘mineral fuels, lubricants and related materials’ decreased by 5.2%.

Imports: import prices rose 0.8% (+1.3% in March). Change of the total y-o-y import price index came mainly from a 1.6% price growth in ‘machinery and transport equipment’. Prices of ‘food and live animals’, ‘manufactured goods classified chiefly by material’, ‘miscellaneous manufactured articles’ and ‘chemicals and relate products‘ rose 6.2%, 1.6%, 0.3% and 0.3%, respectively. Prices of ‘crude materials, inedible, except fuels’ decreased by 3.9% and prices of ‘mineral fuels, lubricants and related materials’ fell 3.8%.

The terms of trade figures increased to 102.3% (102.0% in March) staying in positive values for sixteenth month. Among important sections, highest positive values of the terms of trade figures were registered in ‘miscellaneous manufactured articles’ (103.5%), ‘manufactured goods classified chiefly by material’ (103.4%) and ‘machinery and transport equipment‘ (101.7%). Negative values of the terms of trade figures reached ‘food and live animals’ (94.4%) and ‘mineral fuels, lubricants and related materials’ (98.5%).


Notes:
Responsible manager of the CZSO: Jiří Mrázek, Department Director
Contact: Vladimír Klimeš, phone (+420) 274 054 102, e-mail: vladimir.klimes@czso.cz
Method of data collection: Selective survey of the CZSO
End of data collection: 16th calendar day after the reference month
Related publications: 013012-14 Import and Export Price Indices in the Czech Republic /csu/czso/export-and-import-price-indices-in-the-czech-republic-june-2014-1oycb4rv8p
Specific methodical notes: The data released are final.
Next News Release: 16 July 2014



  • aizc061614.docx

  • Annexes:
  • Table 1 Prices of exports and imports of goods (indices)
  • Table 2 Prices of exports and imports of goods (unadjusted and adjusted decomposition of increases – month-on-month, year-on-year)
  • Graph 1 Prices of exports and imports of goods (year-on-year changes)
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Published: 16.06.2014
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz