Export and import price indices - August 2011

External trade prices have increased again, y-o-y

17.10.2011
Code: r-7201-11
 




In August 2011, export prices decreased by 0.3%, import prices by 0.6%, month-on-month. Export prices increased by 1.5% and import prices by 3.0%, year-on-year. The terms of trade figures reached 100.3%, m-o-m, and 98.5%, y-o-y.


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Month-on-month comparison:
  • Exports: export prices dropped by 0.3% (no price change in July). The change of the total m-o-m export price index was driven mainly by 0.7% price drop in ‘machinery and transport equipment’. The prices in ‘food and live animals’ and ‘crude materials, inedible, except fuels’ decreased both by 0.9%, ‘miscellaneous manufactured articles’ prices dropped by 0.3%. The significant price growth was observed in ‘chemicals and related products’ (+1.1%), ‘mineral fuels, lubricants and related materials’ (+0.6%) and ‘manufactured goods classified chiefly by material’ (+0.4%).
  • Imports: import prices decreased by 0.6% (+0.5% in July). The change of the total m-o-m import price index was driven mainly by 3.2% price drop in ‘mineral fuels, lubricants and related materials’. Among important sections, prices decreased in ‘food and live animals’ (-1.7%), prices in ‘chemicals and related products’ and ‘manufactured goods classified chiefly by material’ dropped both by 0.3%. Prices in both ‘machinery and transport equipment’ and ‘miscellaneous manufactured articles’ rose by 0.1%.
  • The terms of trade figures increased to 100.3% (99.5% in July), switching to positive values after one month. The highest positive value of the terms of trade figures were recorded in ‘mineral fuels, lubricants and related material’ (103.9%), ‘chemicals and related products’ (101.4%) and ‘food and live animals’ (100.8). On the contrary, the lowest positive values of the terms of trade figures reached prices in and ‘machinery and transport equipment’ (99.2%), ‘crude material, inedible, except fuel’ (99.4%) and ‘miscellaneous manufactured articles’ (99.6%).


Year-on-year comparison:
  • Exports: export prices increased by 1.5% (+0.2% in July). The change of the total y-o-y export price index was driven mainly by 5.8% price growth in ‘manufactured goods classified chiefly by material’. Among another sections, prices were rising in mineral fuels, lubricants and related materials’ (+9.1%), ‘chemicals and related products’ (+8.9%) and ‘miscellaneous manufactured articles’ (+0.4%). Price drop was registered only in ‘machinery and transport equipment’ (-2.5%).
  • Imports: import prices rose by 3.0% (+2.4% in July). The growth of the total y-o-y import price index came mainly from a 23.0% price increase in ‘mineral fuels, lubricants and related materials'. Significant price growths were recorded in ‘crude materials, inedible, except fuels’ (+15.0%), 'chemicals and related products’ (+5.0%) and ‘manufactured goods classified chiefly by material’ (+4.0%). The biggest price drops were registered in ‘machinery and transport equipment’ (-4.0%) and ‘miscellaneous manufactured articles' (-1.9%).
  • The terms of trade increased to 98.5% (97.9% in July), however they remained in negative values for the twenty one month. Among important sections, negative values of the terms of trade figures recorded ‘mineral fuels, lubricants and related materials' (88.7%) and ‘crude materials, inedible, except fuels’ (94.1%). On the contrary, positive values of the terms of trade figures reached ‘miscellaneous manufactured articles’ (102.3%), ’manufactured goods classified chiefly by material’ (101.7%) and ‘machinery and transport equipment (101.6%).


Text not edited for language.



Notes:

Responsible manager of the CZSO: Jiri Mrazek, 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: 15th calendar day after the reference month
End of data processing: 10th calendar day after the following month
Specific methodical notes: The data released are final.
Related publications: 720144-11 Import and Export Price Indices in the Czech Republic
Detailed structure: /csu/czso/export-and-import-price-indices-in-the-czech-republic-2011-o2qhupox2g
Next News Release: 15 November 2011



  • aizc101711.doc

  • 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: 17.10.2011
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