Export and import price indices - January 2013

Terms of trade figures reached postive values after thirty seven months, y-o-y

In January 2013, export prices increased by 0.8%, import prices by 0.5%, month-on-month. Export prices fell by 0.5%, import prices by 1.4%, year-on-year. The terms of trade figures reached 100.3%, m-o-m, and 100.9%, y-o-y.

Month-on-month comparison:

Exports: export prices increased by 0.8% in January (-0.7% in December). The change of the total m-o-m export price index was driven mainly by a 1.1% price growth in ‘machinery and transport equipment’. Prices increased in all monitored sections. Among important sections prices grew in ‘crude materials, inedible, except fuels’ (+2.1%), ‘chemicals and related products’ (+1.2%) and ‘mineral fuels, lubricants and related materials’ (+0.5%).

Imports: import prices increased by 0.5% (-1.1% in December). The change of the total m-o-m import price index was driven mainly by a 1.2% price growth in ‘machinery and transport equipment’. Among important sections price increase was recorded in ‘manufactured goods classified chiefly by material’ and ‘crude materials, inedible, except fuels’ both by 0.7% and prices of ‘miscellaneous manufactured articles’ by 0.5%. Significant price drop was registered in ‘chemicals and related products‘(-0.5%) and ‘mineral fuels, lubricants and related materials’
(-0,1%).

The terms of trade figures slightly fell to 100.3% (100.4% in December), however they stayed in positive value. Among important sections positive values were recorded in ‘chemicals and related products’ (101.7%), ‘crude materials, inedible, except fuels’ (101.4%) and ‘mineral fuels, lubricants and related materials’ (100.6%). Significant negative values of the terms of trade figures reached ‘manufactured goods classified chiefly by material’ (99.4%), ‘miscellaneous manufactured articles’ (99.8%) and ‘machinery and transport equipment’ (99.9%).

Year-on-year comparison:

Exports: export prices decreased by 0.5% (-0.7% in December). The change of the total y-o-y export price index was driven mainly by a 2.4% price drop in ‘manufactured goods classified chiefly by material’. Among important sections, prices decreased in ‘mineral fuels, lubricants and related materials’ (-6.9%), ‘miscellaneous manufactured articles’ and ‘machinery and transport equipment’ both decreased by 0.1%. Significant price growth was recorded in ‘food and live animals’, ‘chemicals and related products’ and ‘crude materials, inedible except fuels’ by +4.2%, +3.3% and +1.9%, respectively.

Imports: import prices decreased by 1.4% (-0.6% in December). Change of the total y-o-y import price index came mainly from a 1.3% price drop in ‘machinery and transport equipment’. Among important sections, prices fell in ‘crude materials, inedible, except fuels’ (-11.0%), ‘mineral fuels, lubricant and related products’ (-3.1%) and ‘manufactured goods classified chiefly by material’ (-1.6%). On the contrary, significant price growth was registered in ‘food and live animals’ (+4.5%) and 'chemicals and related products’ (+0.3%).

The terms of trade figures rose to 100.9% (99.9% in December) and they reached positive values after thirty seven months. Among important sections, positive values of the terms of trade figures were registered in ‘crude materials, inedible, except fuels’ (114.5%), ‘chemicals and related products’ (103.0%) and ‘machinery and transport equipment‘ (101.2%). Negative values of the terms of trade figures, among important sections, reached ‘mineral fuels, lubricants and related materials' (96.1%), ‘manufactured goods classified chiefly by material’ (99.2%) and ‘food and live animals’ (99.7%).

Czech Statistical Office prepared a revision of external trade price indices.
From January 2013, export and import price indices are 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 are chained to existent time series (2005 average = 100) thus enabling continuation of current time series. Hitherto published indices will not be revised.
Detailed information is published on the internet pages Czech Statistical Office.


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: 15 April 2013

Not edited for language.

Published: 22.03.2013
The data are valid as of the release date of the publication.