Export and import price indices - April 2015

Terms of trade after twenty seven months become negative, y-o-y

16.06.2015
Code: 013014-15
 

In April 2015, export prices increased by 0.5%, import prices increased by 1.0%, the terms of trade figures reached 99.5%, m-o-m. Export prices decreased by 0.2%, import prices increased by 0.5%, the terms of trade reached 99.3%, year-on-year.

Month-on-month comparison:

Exports: export prices rose 0.5% in April (-0.4% in March). The change of the total
m-o-m export price index was driven mainly by a 3.5% price growth in ‘chemicals and related products’. Among important sections, price growth was registered in ‘manufactured goods classified chiefly by material’ (+0.4%), ‘miscellaneous manufactured articles’ (+0.2%), and ‘machinery and transport equipment’ (+0.2%). Biggest price drop of 1.1% occurred in ‘food and live animals’.

Imports: import prices increased by 1.0% in April (+0.3% in March). The change of the total
m-o-m import price index was driven mainly by a 1.0% price growth in ‘machinery and transport equipment’. Prices grew significantly in ‘mineral fuels, lubricants and related materials’ (+3.2%), ‘chemicals and related products’ (+1.8%), and ‘food and live animals’ (+1.2%). ‘Crude materials, inedible, except fuels’ prices fell 0.6%.

The terms of trade figures slightly increased to value of 99.5% (99.3% in March). Significant negative values were reached by prices of ‘mineral fuels, lubricants and related materials’ (97.6%), ‘food and live animals’ (97.7%), and ‘machinery and transport equipment’ (99.2%). Prices of ‘crude materials, inedible, except fuels’ and ‘chemicals and related products’ reached the highest positive values of terms of trade - 102.4% and 101.7%, respectively.

 

Year-on-year comparison:

Exports: export prices decreased by 0.2% (-0.5% in March). The change of the total y-o-y export price index was driven mainly by a 10.5% price drop in ‘mineral fuels, lubricants and related materials’. Prices of ‘food and live animals’, ’crude materials, inedible, except fuels’, and ‘chemicals and related products’, decreased by 6.3%, 3.7%, and 2.3%, respectively. Among important sections, prices were rising in ‘machinery and transport equipment’ (+0.9%), ‘miscellaneous manufactured articles’ (+0.9%), and ‘manufactured goods classified chiefly by material’ (+0.2%).

Imports: import prices increased by 0.5% (-0.9% in March). The change of the total y-o-y import price index came mainly from a 5.5% price growth in ‘machinery and transport equipment’. Prices of ‘miscellaneous manufactured articles’ rose 6.5% and ‘manufactured goods classified chiefly by material’ by 2.1%. Biggest price drop was registered in ‘mineral fuels, lubricants, and related products’ (-19.8%), crude materials, inedible, except fuels’ (-10.7%), and ‘chemicals and related products’ (-1.1%).

The terms of trade figures decreased to value of 99.3% (100.4% in March), switching to negative values after twenty seven months. Among important sections, prices of ‘miscellaneous manufactured articles’ (94.7%), ‘machinery and transport equipment‘ (95.6%), and ‘manufactured goods classified chiefly by material’ (98.1%). Highest positive values of the terms of trade figures were registered in ‘mineral fuels, lubricants and related materials’ (111.6%) and ‘crude materials, inedible, except fuels’ (107.8%).

 

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: 013012-15 Import and Export Price Indices in the Czech Republic https://www.czso.cz/csu/czso/export-and-import-price-indices
Specific methodical notes: The data released are final.
Next News Release: 17 July 2015

Not edited for language.

  •      aizc061615.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: 16.06.2015
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