Export and import price indices - September 2011

Import prices growth supported by rising oil prices

15.11.2011
Code: r-7201-11
 




In September 2011, export prices increased by 1.3%, import prices by 1.5%, month-on-month. Export prices went up by 3.1% and import prices by 5.0%, year-on-year. The terms of trade figures reached 99.8%, m-o-m, and 98.2%, y-o-y.


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Month-on-month comparison:
  • Exports: export prices rose by 1.3% (-0.3% in August). The change of the total m-o-m export price index was driven mainly by 1.4% price growth in ‘machinery and transport equipment’. Price growth was recorded in all observed groups, especially in ‘miscellaneous manufactured articles’ (+1.7%), manufactured goods classified chiefly by material’ (+0.8%) and ‘chemicals and related products’ (+0.8%).
  • Imports: import prices increased by 1.5% (-0.6% in August). The change of the total m-o-m import price index was driven mainly by 5.3% price growth in ‘mineral fuels, lubricants and related materials’. Among important sections, prices increased in ‘miscellaneous manufactured articles’ (+1.7%), ‘machinery and transport equipment’ (+1.2%), ‘chemicals and related products’ (+0.7%) and ‘manufactured goods classified chiefly by material’ (+0.4%). The biggest price drop -2.3% was observed in ‘crude material, inedible, except fuels’.
  • The terms of trade figures went down to 99.8% (100.3% in August). The lowest negative value of the terms of trade figures were recorded in ‘food and live animals’ (97.6%) and ‘mineral fuels, lubricants and related material’ (97.7%). Higher positive values of the terms of trade figures reached prices in ‘crude material, inedible, except fuel’ (102.5%), ‘manufactured goods classified chiefly by material’ (100.4%) and ‘machinery and transport equipment’ (100.2%).


Year-on-year comparison:
  • Exports: export prices increased by 3.1% (+1.5% in August). The change of the total y-o-y export price index was driven mainly by 6.7% price growth in ‘manufactured goods classified chiefly by material’. Among important sections, prices were rising in ‘mineral fuels, lubricants and related materials’ (+11.2%), ‘chemicals and related products’ (+10.0%) and ‘miscellaneous manufactured articles’ (+2.9%). Price drop was registered only in ‘machinery and transport equipment’ (-0.7%).
  • Imports: import prices rose by 5.0% (+3.0% in August). The growth of the total y-o-y import price index came mainly from a 30.6% price increase in ‘mineral fuels, lubricants and related materials'. Significant price growths were recorded in ‘crude materials, inedible, except fuels’ (+10.0%), 'chemicals and related products’ (+5.6%) and ‘manufactured goods classified chiefly by material’ (+4.3%). Price drop was registered only in ‘machinery and transport equipment’ (-1.6%).
  • The terms of trade decreased to 98.2% (98.5% in August), however they remained in negative values for the twenty-second consecutive month. Among important sections, negative values of the terms of trade figures recorded ‘mineral fuels, lubricants and related materials' (85.1%) and ‘crude materials, inedible, except fuels’ (97.5%). Positive values of the terms of trade figures reached ‘miscellaneous manufactured articles’ (102.8%), ’manufactured goods classified chiefly by material’ (102.3%) and ‘machinery and transport equipment (100.9%).


Text not edited for language.


Analysis - External trade price indices development in Q3 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 December 2011



  • aizc111511.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: 15.11.2011
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