Export and import price indices - October 2014

Growth of external trade prices supported by weakening koruna

16.12.2014
Code: 013014-14
 

In October 2014, export prices decreased by 0.2%, import prices by 0.1%, the terms of trade figures reached 99.9%, m-o-m. Export prices increased by 5.5%, import prices by 4.5%, the terms of trade reached 101.0%, year-on-year. 

Month-on-month comparison:

Exports: export prices fell 0.2% in October (-0.5% in September). The change of the total 
m-o-m export price index was driven mainly by a 2.0% price drop in ‘crude materials, inedible, except fuels’. Among important sections, prices decreased in ‘food and live animals’ (-1.5%), ‘crude materials, inedible, except fuels’ (-0.1%) and ‘machinery and transport equipment’ (-0.1%). Only price growth was registered in ‘chemicals and related products’. 

Imports: import prices decreased by 0.1% (no change in September). The change of the total m-o-m import price index was driven mainly by a 3.5% price drop in ‘mineral fuels, lubricants and related materials’. Prices of ‘food and live animals’ fell 0.5%. Among important sections biggest price growth occurred in ’miscellaneous manufactured articles’ (+0.7%), ‘machinery and transport equipment’ (+0.3%) and ‘chemicals and related products’ (+0.2%).

The terms of trade figures increased to 99.9% (99.5% in September). Among important sections, negative values reached ‘miscellaneous manufactured articles’ (99.3%), ‘machinery and transport equipment’ (99.6%) and ‘manufactured goods classified chiefly by material’ (99.8%). Positive values of the terms of trade figures reached prices of ‘mineral fuels, lubricants and related materials’ (103.4%).

Year-on-year comparison: 

Exports: export prices increased by 5.5% (+4.9% in September) due to weakening of koruna against Euro and Dollar. The change of the total y-o-y export price index was driven mainly by a 5.7% price growth in ‘machinery and transport equipment’. Prices in ‘manufactured goods classified chiefly by material’, ‘chemicals and related products‘ and ‘miscellaneous manufactured articles’ grew 7.3%, 6.4% and 5.2%, respectively. Prices of ‘mineral fuels, lubricants and related materials’ dropped 2.8%.

Imports: import prices increased by 4.5% (+3.5% in September). Change of the total y-o-y import price index came mainly from a 7.2% price growth in ‘machinery and transport equipment’. Prices of ‘manufactured goods classified chiefly by material’, ‘miscellaneous manufactured articles’ and ‘chemicals and related products‘ grew 6.1%, 5.5% and 3.8%, respectively. Prices of ‘mineral fuels, lubricants and related materials’ decreased by 5.4% and prices of ‘crude materials, inedible, except fuels’ fell 3.1%.

The terms of trade figures decreased to 101.0% (101.4% in September) staying in positive values for twenty-second month. Among important sections, highest positive values of the terms of trade figures were registered in ‘crude materials, inedible, except fuels’ (110.2%), ‘chemicals and related products’ (102.5%) and ‘manufactured goods classified chiefly by material’ (101.1%). Negative values of the terms of trade figures reached ‘food and live animals’ (95.9%), ‘machinery and transport equipment‘ (98.6%) and ‘miscellaneous manufactured articles’ (99.7%). 


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 Republichttp://www.czso.cz/csu/2014edicniplan.nsf/engp/013012-14
Specific methodical notes: The data released are final.
Next News Release: 16 January 2015

Not edited for language.

  • aizc121614.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: 16.12.2014
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