Export and import price indices - January 2014

External trade prices growth continues, y-o-y

17.03.2014
Code: 013014-14
 




In January 2014, both export and import prices decreased by 0.4%, month-on-month, the terms of trade figures reached 100.0%, m-o-m. Export prices increased by 4.7%, import prices by 2.9%, the terms of trade reached 101.7%, year-on-year.

Month-on-month comparison:

Exports: export prices fell 0.4% in January (+2.2% in December). The change of the total m-o-m export price index was driven mainly by a 0.4% price drop in ‘machinery and transport equipment’. Among important sections biggest price drop occurred in ‘mineral fuels, lubricants and related materials’ (-3.2%), ‘food and live animals’ (-0.9%) and ‘miscellaneous manufactured articles’ (-0.6%). Prices of ‘crude materials, inedible, except fuels’ and ‘chemicals and related products’ recorded the biggest price growth - 1.1% and 0.5%, respectively.

Imports: import prices decreased by 0.4% (+1.7% in December). The change of the total
m-o-m import price index was driven mainly by a 0.7% price drop in ‘machinery and transport equipment’. Another price drop was registered in prices of ‘mineral fuels, lubricants and related materials’ (-1.1%), ‘miscellaneous manufactured articles’ (-0.7%) and ‘chemicals and related products’ (-0.3%). On the contrary, prices were rising in ‘crude materials, inedible, except fuels’ (+1.9%) and ‘food and live animals’ (+1.1%).

The terms of trade figures decreased to 100.0% (100.5% in December). Highest positive values reached prices of ‘chemicals and related products’ (100.8%), ‘machinery and transport equipment’ (100.3%), ‘miscellaneous manufactured articles’ (100.1%) and ‘manufactured goods classified chiefly by material’ (100.1%). Negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials’ (97.9%) and ‘food and live animals’ (98.0%).

Year-on-year comparison:

Exports: export prices increased by 4.7% (+6.0% in December), this growth was supported by weakening of koruna against Euro and dollar. The change of the total y-o-y export price index was driven mainly by a 5.0% price growth in ‘machinery and transport equipment’. Prices in ‘miscellaneous manufactured articles’ and ‘manufactured goods classified chiefly by material’ grew 6.1% and 5.6%, respectively. Only price fall was registered in ‘animal and vegetable oils’
(-4.4%).

Imports: import prices rose 2.9% (+3.8% in December). Change of the total y-o-y import price index came mainly from a 3.4% price growth in ‘machinery and transport equipment’. Prices of ‘food and live animals’, ‘miscellaneous manufactured articles’, ‘crude materials, inedible, except fuels’ and ‘manufactured goods classified chiefly by material’ increased by 9.0%, 3.8%, 3.8% and 3.5%, respectively. Only price drop was registered in ‘animal and vegetable oils’ (-13.2%).

The terms of trade figures decreased to 101.7% (102.1% in December) staying in positive values for thirteenth month. Among important sections, highest positive values of the terms of trade figures were registered in ‘miscellaneous manufactured articles’ (102.2%), ‘manufactured goods classified chiefly by material’ (102.0%), ‘machinery and transport equipment‘ (101.5%) and ‘mineral fuels, lubricants and related materials’ (101.5%). Negative values of the terms of trade figures reached ‘food and live animals’ (92.7%) and ‘crude materials, inedible, except fuels’ (98.7%).


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: 16th calendar day after the reference month
Related publications: 013012-14 Import and Export Price Indices in the Czech Republic /csu/czso/export-and-import-price-indices-in-the-czech-republic-june-2014-1oycb4rv8p
Specific methodical notes: The data released are final.
Next News Release: 16 April 2014

Not edited for language.



  • aizc031714.docx

  • 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: 17.03.2014
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