Export and import price indices - June 2011

Month-on-month external trade prices decreased

15.08.2011
Code: r-7201-11
 




In June 2011, export prices fell by 0.3%, import prices by 0.5%, month-on-month. Export prices decreased by 1.4% and import prices rose by 0.4%, year-on-year. The terms of trade figures reached 100.2%, m-o-m, and 98.2%, y-o-y.


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Month-on-month comparison:
  • Exports: export prices went down by 0.3% in June (+0.6% in May). Fall of the total m-o-m export price index came mainly from a 0.3% price drop in ‘machinery and transport equipment’. Among important sections, the prices decreased in ‘chemicals and related products’ (-0.8%), ‘manufactured goods classified chiefly by material’ (-0.4%) and ‘miscellaneous manufactured articles’ (-0.2%). The significant price growth was observed only in ‘crude materials, inedible, except fuels’ (2.9%).
  • Imports: import prices decreased by 0.5% (+0.1% in May). The change of the total m-o-m import price index was driven mainly by 0.7% price growth in ‘machinery and transport equipment’. Among important sections, prices decreased in ‘manufactured goods classified chiefly by material’ and ‘miscellaneous manufactured articles’, both by 0.6%, another price drops were registered in ‘chemicals and related products (-0.2%). Price growth was observed only in ‘crude material, inedible, except fuel’ (+1.8%).
  • The terms of trade figures slightly decreased to 100.2% (100.5% in May), remaining in positive values for three successive months. Positive values of the terms of trade figures, among important sections, were recorded in ‘miscellaneous manufactured articles’ (100.4%), ‘machinery and transport equipment’ (100.4%) and ‘manufactured goods classified chiefly by material’ (100.2%). On the contrary, significant negative value of the terms of trade figures reached prices in ‘mineral fuels, lubricants and related material’ (98.9%) and ‘chemicals and ‘chemicals and related products’ (99.4%).


Year-on-year comparison:
  • Exports: export prices decreased by 1.4% (-0.1% in May). The change of the total y-o-y export price index was driven mainly by 6.3% price drop in ‘machinery and transport equipment’. Among another sections, price drop was recorded only in ‘miscellaneous manufactured articles’ (-2.3%). Among important sections prices increased in ‘mineral fuels, lubricants and related materials’ (+11.6%), ‘food and live animals’ (+7.7%), ‘chemicals and related products’ (+4.2%) and ‘manufactured goods classified chiefly by material’ (+2.5%).
  • Imports: import prices rose by 0.4% (+2.1% in May). The growth of the total y-o-y import price index came mainly from a 15.4% price increase in ‘mineral fuels, lubricants and related materials'. Significant price growths were recorded in ‘crude materials, inedible, except fuels’ (+20.4%), '‘chemicals and related products’ (+3.4%) and ‘manufactured goods classified chiefly by material’ (+3.1%). The biggest price drops were registered in ‘machinery and transport equipment’ (-7.1%) and ‘miscellaneous manufactured articles' (-5.3%).
  • The terms of trade increased to 98.2% (97.8% in May), however they remained in negative values for the nineteenth month. Negative values of the terms of trade figures recorded ‘crude materials, inedible, except fuels’ (92.1%), ‘mineral fuels, lubricants and related materials' (96.7%) and ’manufactured goods classified chiefly by material’ (99.4%). On the contrary, positive values of the terms of trade figures reached ‘food and live animals’ (108.5%), ‘miscellaneous manufactured articles’ (103.2%), ‘machinery and transport equipment (100.9%) and ‘chemicals and related products’ (100.8%).


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Analysis - External trade price indices development in Q2 2011


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 September 2011



  • aizc081511.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: 15.08.2011
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