Export and import price indices - August 2012

M-o-m terms of trade figures reach negative values after four months

15.10.2012
Code: r-7201-12
 




In August 2012, export prices decreased by 1.3%, import prices by 0.4%, month-on-month. Export prices went up by 3.7%, import prices by 5.8%, year-on-year. The terms of trade figures reached 99.1%, m-o-m, and 98.0%, y-o-y.

Month-on-month comparison:

Exports: export prices decreased by 1.3% in August (+0.4% in July). The change of the total
m-o-m export price index was driven mainly by a 1.6% price drop in ‘machinery and transport equipment’. Among important sections, prices in ‘manufactured good classified chiefly by material’, ‘chemicals and related products’ and ‘miscellaneous manufactured articles’ went down by 1.2%, 0.9% and 0.5%, respectively. Prices increased only in ‘mineral fuels, lubricants and related materials’ (+1.4%).

Imports: import prices fell by 0.4% (−0.5% in July). The change of the total m-o-m import price index was driven mainly by a 1.2% price drop in ‘machinery and transport equipment’. Significant drops were recorded in ‘crude materials, inedible, except fuels’ (−3.0%), ‘manufactured goods classified chiefly by material’ (−1.3%) and ‘miscellaneous manufactured articles’ (−0.9 %). Prices grew only in ‘mineral fuels, lubricants and related material’ (+4.1%).

The terms of trade figures decreased to 99.1% (100.1% in July) and returned into negative values after four months. Significant negative values of the terms of trade figures were recorded in ‘mineral fuels, lubricants and related materials‘ (97.4%), ‘machinery and transport equipment’ (99.6%) and ‘chemicals and related products’ (99.9%). Among important sections, significant positive values of the terms of trade figures reached ‘crude materials, inedible, except fuels’ (101.1%), ’miscellaneous manufactured articles’ (100.4%) and ‘manufactured goods classified chiefly by material’ (100.1%).

Year-on-year comparison:

Exports: export prices increased by 3.7% (+4.7% in July). The change of the total y-o-y export price index was driven mainly by a 4.7% price growth in ‘machinery and transport equipment’. Among important sections, price growth was registered in ‘miscellaneous manufactured articles’ (+5.1%), ‘chemicals and related products’ (+2.4%) and ‘manufactured goods classified chiefly by material’ (+2.3%). Significant price drop was recorded in ‘mineral fuels, lubricants and related materials’ (−1.2%).

Imports: import prices increased by 5.8% (+5.5% in July). The growth was supported by significant weakening koruna against dollar. Change of the total y-o-y import price index came mainly from a 20.5% price increase in ‘mineral fuels, lubricant and related products’ (+12.0% in July). Among important sections, prices were rising in ‘machinery and transport equipment’ (+4.8%), ‘miscellaneous manufactured articles’ (+3.9%) and 'chemicals and related products’ (+3.5%). Price drop was registered only in ‘crude materials, inedible, except fuels’ (−4.6%).

The terms of trade fell to 98.0% (99.2% in July) and they have stayed in negative values for the thirty-third straight month. Among important sections, negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials' (82.0%), ‘food and live animals’ (95.5%) and ‘machinery and transport equipment‘ (99.9%). Positive values of the terms of trade figures, among important sections, reached ‘crude material, inedible, except fuel’ (107.2%), ’manufactured goods classified chiefly by material’ (101.9%), and ‘miscellaneous manufactured articles’ (101.2%).


Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director
Contact: Vladimír Klimeš, phone (+420) 274 0 54 102, 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
Related publications: 720144-12 Import and Export Price Indices in the Czech Republic
/csu/czso/export-and-import-price-indices-in-the-czech-republic-2012-1y6dxg5090
Specific methodical notes: The data released are final.
Next News Release: 15 November 2012

This press release was not edited for language.



  • aizc101512.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: 15.10.2012
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