Export and import price indices - December 2012
External trade prices falling after long period of growth, y-o-y
In December 2012, export prices decreased by 0.7%, import prices by 1.1%, month-on-month. Export prices fell by 0.7%, import prices by 0.6%, year-on-year. The terms of trade figures reached 100.4%, m-o-m, and 99.9%, y-o-y. Export prices increased by 2.9%, import prices by 4.2%, the terms of trade figures reached 98.8%, year 2012 average compared to year 2011 average.
Month-on-month comparison:
Exports: export prices decreased by 0.7% in December (+0.9% in November). The change of the total m-o-m export price index was driven mainly by a 0.7% price drop in ‘machinery and transport equipment’. Among important sections prices fell in ‘mineral fuels, lubricants and related materials’ (-2.4%), ‘miscellaneous manufactured articles’ (-0.9%), ‘manufactured goods classified chiefly by material’ (-0.6%) and ‘chemicals and related products’ (-0.5%). Prices were rising by 0.1% in ‘crude materials, inedible, except fuels’.
Imports: import prices decreased by 1.1% (+0.9% in November). The change of the total m-o-m import price index was driven mainly by a 3.1% price drop in ‘mineral fuels, lubricants and related materials’. Among important sections price drop was recorded in ‘machinery and transport equipment’ (-1.1%), ‘manufactured goods classified chiefly by material’ (-0.7%) and ‘chemicals and related products‘ (-0.5%). Significant price growth of 0.5% was registered in food and live animals’.
The terms of trade figures slightly rose to 100.4% (100.0% in November). Highest values of the terms of trade figures, among important sections, were recorded in ‘crude materials, inedible, except fuels’ (102.2%), ‘mineral fuels, lubricants and related materials’ (100.7%) and ‘machinery and transport equipment’ (100.4%). Significant negative values of the terms of trade figures reached ‘food and live animals’ (98.8%) and ‘miscellaneous manufactured articles’ (99.4%).
Year-on-year comparison:
Exports: export prices decreased by 0.7% (+0.3% in November), premier drop after seventeen months of growth. The change of the total y-o-y export price index was driven mainly by a 0.9% price drop in ‘machinery and transport equipment’. Among important sections, prices decreased in ‘mineral fuels, lubricants and related materials’ and ‘manufactured goods classified chiefly by material’ by 7.9% and 1.8%, respectively. Significant price growth was recorded in ‘chemicals and related products’ (+4.6%), ‘food and live animals’ (4.6%), ‘crude materials, inedible except fuels’ (+1.9%) and ‘miscellaneous manufactured articles’ (+0.4%).
Imports: import prices decreased by 0.6% (+1.3% in November), first drop after thirty-one months. Change of the total y-o-y import price index came mainly from a 12.9% price drop in ‘crude materials, inedible, except fuels’. Among important sections, prices fell in ‘manufactured goods classified chiefly by material’ (-1.7%), ‘miscellaneous manufactured articles’ (-1.5%) and ‘machinery and transport equipment’ (-1.2%). On the contrary, significant price drop growth registered in ‘food and live animals’ (+6.6%), 'chemicals and related products’ (+2.1%) and ‘mineral fuels, lubricant and related products’ (+1.4%).
The terms of trade rose to 99.9% (99.0% in November) and they have stayed in negative values for the thirty-seventh straight month. Among important sections, negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials' (90.8%), ‘food and live animals’ (98.1%) and ‘manufactured goods classified chiefly by material’ (99.9%). Positive values of the terms of trade figures, among important sections, reached ‘chemicals and related products’ (102.4%), ‘miscellaneous manufactured articles’ (101.9%) and ‘machinery and transport equipment‘ (100.3%).
Trend in 2012
For the whole year 2012, export prices increased by 2.9% (+1.7% in 2011), import prices increased by 4.2% (+4.3 in 2011).
Exports: among important sections, prices grew in ‘chemicals and related products’ (+4.8%), ‘miscellaneous manufactured articles’ (+4.0%), ‘food and live animals’ (+3.9%), ‘crude materials, inedible, except fuels’ (+3.5%) and ‘machinery and transport equipment‘(+2.8%). ‘mineral fuels, lubricants and related materials’ (+13.0%). Biggest price drop was registered in ‘mineral fuels, lubricants and related materials’ (-2.4%).
Imports: prices increased significantly in ‘mineral fuels, lubricants, and related materials’ (+15.7%; +24.4% in 2011), ‘food and live animals’ (+6.7%), ‘chemicals and related products’ (+3.6%), and ‘machinery and transport equipment’ (+2.7%). Prices fell only in ‘crude materials, inedible, except fuels’, by 2.6%.
The terms of trade figures in total reached negative value of 98.8% in 2012 (97.5% in 2011), they have stayed in negative values for three years.
Czech Statistical Office has been preparing a revision of external trade price indices.
From January 2013, export and import price indices will be calculated using new weightening scheme based upon External trade statistics data from year 2010 and implementing new price base y. 2010 average = 100. New indices will be chained to existent time series (2005 average = 100) thus enabling continuation of current time series. Hitherto published indices will not be revised.
Data release for January 2013 will be postponed one week until 22 nd March 2013, according to Catalogue of Products.
Analysis - External trade price indices development in Q4 2012 and in the year 2012
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: 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: 22 March 2013
Not edited for language.
- year 2024 | February 2024 | January 2024
- year 2023 | December 2023 | November 2023 | October 2023 | September 2023 | August 2023 | July 2023 | June 2023 | May 2023 | April 2023 | March 2023 | February 2023 | January 2023
- year 2022 | December 2022 | November 2022 | October 2022 | September 2022 | August 2022 | July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022
- year 2021 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021
- year 2020 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020
- year 2019 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019
- year 2018 | December 2018 | November 2018 | October 2018 | September 2018 | August 2018 | July 2018 | June 2018 | May 2018 | April 2018 | March 2018 | February 2018 | January 2018
- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
- year 2014 | December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | February 2014 | January 2014
- year 2013 | December 2013 | November 2013 | October 2013 | September 2013 | August 2013 | July 2013 | June 2013 | May 2013 | April 2013 | March 2013 | February 2013 | January 2013
- year 2012 | December 2012 | November 2012 | October 2012 | September 2012 | August 2012 | July 2012 | June 2012 | May 2012 | April 2012 | March 2012 | February 2012 | January 2012
- year 2011 | December 2011 | November 2011 | October 2011 | September 2011 | August 2011 | July 2011 | June 2011 | May 2011 | April 2011 | March 2011 | February 2011 | January 2011
- year 2010 | December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010 | January 2010
Published: 15.02.2013
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