Export and import price indices - March 2019

Growth of Annual External Trade Prices Slowed Down

13.05.2019
Code: 013014-19
 

In March 2019 export prices and import prices decreased month-on-month by 0.3% and 0.1%, respectively. The terms of trade reached the value of 99.8%. Export prices and import prices increased year-on-year by 2.6% and 2.8%, respectively. The terms of trade reached the value of 99.8%.

Month-on-Month Comparison
Export prices decreased by 0.3%, month-on-month (m-o-m) in March 2019. The fall in the monthly export price index was essentially affected by a decrease in prices of ‘mineral fuels, lubricants, and related products’ by 4.6%, mostly in electricity prices. Prices also fell in ‘manufactured goods classified chiefly by material’ and ‘miscellaneous manufactured articles’ by 0.5% and 0.1%, respectively. Prices in ‘machinery and transport equipment’ did not change. The only growth was in ‘crude materials, inedible, except fuels’ by 0.5%.

Import prices fell by 0.1%, m-o-m, in March 2019. The greatest effect on an overall decline in the monthly import price index was brought mainly by a decrease in ‘chemicals and related products’ by 1.0%. Prices fell in ‘mineral fuels, lubricants, and related products’ and ‘miscellaneous manufactured articles’ by 0.6% and 0.2%, respectively. Prices increased mostly in ‘crude materials, inedible, except fuels’, ‘food and live animals’ and ‘machinery and transport equipment’ by 1.2%, 0.2% and 0.1%, respectively.

The terms of trade reached the value of 99.8%. Significant negative values of the terms of trade were reached in ‘mineral fuels, lubricants, and related products’ (96.0%), ‘manufactured goods classified chiefly by material’ (99.5%), and in ‘machinery and transport equipment’ (99.9%). The highest positive values of the terms of trade were reached in ‘chemicals and related products’ (100.8%), and ‘miscellaneous manufactured articles’ (100.1%).

Year-on-Year Comparison
Export prices grew by 2.6%, year-on-year (y-o-y) (in February 2019 they increased by 3.4%). An increase in the prices of ‘machinery and transport equipment’ by 2.3% exerted a significant effect on the development in the annual export price index. Highest price increases were recorded in the group of ‘mineral fuels, lubricants, and related products’ by 4.4%, especially in petroleum products prices, in ‘food and live animals’ by 4.2%, and in ‘miscellaneous manufactured articles’ by 4.1%. No price drop was recorded in any of the monitored groups.

Import prices increased by 2.8%, y-o-y (they rose by 3.3% in February 2019). A growth in prices for ‘machinery and transport equipment’ by 3.6% had the strongest effect on the growth of the annual import price index. The biggest price growth was recorded in ‘crude materials, inedible, except fuels’ by 8.1%, especially in metalliferous ores prices. Prices in ‘mineral fuels, lubricants, and related products’ and in ‘chemicals and related products’ grew by 7.8% and 2.3%, respectively. Prices fell in ‘food and live animals’ by 0.1%.

The terms of trade decreased to the value of 99.8% (they reached 100.1% in February 2019) and they fell into negative values after three months. Negative values of the terms of trade were reached especially in ‘crude materials, inedible, except fuels’ (94.3%), ‘mineral fuels, lubricants, and related products’ (96.8%), and in ‘machinery and transport equipment’ (98.7%). Out of the important groups of goods positive values of the terms of trade were recorded for ‘miscellaneous manufactured articles’ (103.0%), and ‘manufactured goods classified chiefly by material’ (101.6%).

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Notes:
Responsible head at the CZSO: Jiří Mrázek, Director of the Prices Statistics Department,
phone: (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact person: Vladimír Klimeš, Head of the Industrial and External Trade Prices Statistics Unit, phone: (+420) 274 054 102,
e-mail: vladimir.klimes@czso.cz
Data source: Sample survey of the CZSO
End of data collection: 15th calendar day after the reference month end
Related Internet-published document: 013014-19 Import and Export Price Indices in the Czech Republic
https://www.czso.cz/csu/czso/export-and-import-price-indices
Specific methodical notes: The data published in the News Release are final data.
Next News Release shall be published on: 11 June 2019


Related analysis: Development of external trade price indices - 1. quarter of 2019

  • aizc051319.docx

  • Annexes:
  • Table 1 Export and Import Price Indices
  • Table 2 Export and Import Price Indices(breakdown of indices – published and exchange rate adjusted – month-on-month, year-on-year)
  • Chart 1 Export and Import Price Indices (year-on-year changes)
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Published: 13.05.2019
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