Export and import price indices - April 2019

Growth of Annual External Trade Prices Accelerated

11.06.2019
Code: 013014-19
 

In April 2019 export prices and import prices increased month-on-month by 0.3% and 0.6%, respectively. The terms of trade reached the value of 99.7%. Export prices and import prices increased year-on-year by 3.1% and 3.4%, respectively. The terms of trade reached the value of 99.7%.

 

Month-on-Month Comparison
Export prices increased by 0.3%, month-on-month (m-o-m) in April 2019. The growth in the monthly export price index was essentially affected by an increase in prices of ‘mineral fuels, lubricants, and related products’ by 3.7%, mostly in petroleum products prices. Prices also grew in ‘chemicals and related products’, ‘miscellaneous manufactured articles’ and ‘machinery and transport equipment’ by 0.4%, 0.3% and 0.2%, respectively. The only price fall was in ‘crude materials, inedible, except fuels’ by 0.8%.

Import prices grew by 0.6%, m-o-m, in April 2019. The greatest effect on an overall growth in the monthly import price index was brought mainly by an increase in ‘mineral fuels, lubricants, and related products’ by 3.7%, especially in petroleum prices. Prices increased in ‘food and live animals’ and ‘machinery and transport equipment’ by 1.6% and 0.5%, respectively. Prices declined mostly in ‘beverages and tobacco’ and ‘crude materials, inedible, except fuels’ by 0.4% and 0.2%, respectively.

The terms of trade reached the value of 99.7%. Significant negative values of the terms of trade were reached in ‘food and live animals’ (98.6%), ‘crude materials, inedible, except fuels’ (99.4%), and in ‘machinery and transport equipment’ (99.7%). Significant positive values of the terms of trade were reached in ‘miscellaneous manufactured articles’ (100.4%), and ‘chemicals and related products’ (100.2%).

Year-on-Year Comparison
Export prices grew by 3.1%, year-on-year (y-o-y) (in March 2019 they increased by 2.6%). An increase in the prices of ‘machinery and transport equipment’ by 2.7% exerted a significant effect on the development in the annual export price index. The highest price increases were recorded in the group of ‘mineral fuels, lubricants, and related products’ by 9.3%, especially in electricity prices, in ‘food and live animals’ by 4.5%, and in ‘miscellaneous manufactured articles’ by 4.4%. No price drop was recorded in any of the monitored groups.

Import prices increased by 3.4%, y-o-y (they rose by 2.8% in March 2019). A growth in prices for ‘machinery and transport equipment’ by 4.1% had the strongest effect on the growth of the annual import price index. The biggest price growth was recorded in ‘mineral fuels, lubricants, and related products’ by 9.9%, in ‘crude materials, inedible, except fuels’ by 7.8%, especially in metalliferous ores prices, and in ‘food and live animals’ by 3.8%. Prices fell only in ‘beverages and tobacco’ by 4.4%.

The terms of trade decreased to the value of 99.7% (they reached 99.8% in March 2019) and for the second month they stayed in negative values. Negative values of the terms of trade were reached especially in ‘crude materials, inedible, except fuels’ (94.2%), ‘machinery and transport equipment’ (98.7%) and in ‘chemicals and related products’ (98.8%). Out of the important groups of goods positive values of the terms of trade were recorded for ‘miscellaneous manufactured articles’ (103.2%), and ‘manufactured goods classified chiefly by material’ (101.3%).

 

Notes:
Responsible head at the CZSO: Jiří Mrázek, Director of the Prices Statistics Department, phone: (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact person: Vladimír Klimeš, Head of the Industrial and External Trade Prices Statistics Unit, phone: (+420) 274 054 102, e-mail: vladimir.klimes@czso.cz
Data source: Sample survey of the CZSO
End of data collection: 15th calendar day after the reference month end
Related
Internet-published document: 013014-19 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 published in the News Release are final data.
Next News Release
shall be published on:  11 July 2019

  • aizc061119.docx
  • Annexes:
  • Table 1 Export and Import Price Indices
  • Table 2 Export and Import Price Indices(breakdown of indices – published and exchange rate adjusted – month-on-month, year-on-year)
  • Chart 1 Export and Import Price Indices (year-on-year changes)
Archive:
Show all Hide

Published: 11.06.2019
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters
Are you interested in latest data connected with inflation, GDP, population, wages in industry and much more?
You can find them on pages of the Czech Statistical Office on the Internet: www.czso.cz

tel: +420 274 052 304, +420 274 052 451, e-mail: infoservis@czso.cz