Export and import price indices - September 2014

Growth of external trade prices continued

18.11.2014
Code: 013014-14
 




In September 2014, export prices decreased by 0.5%, import prices did not change, the terms of trade figures reached 99.5%, m-o-m. Export prices increased by 4.9%, import prices by 3.5%, the terms of trade reached 101.4%, year-on-year.

Month-on-month comparison:

Exports: export prices fell 0.5% in September (+0.7% in August). The change of the total
m-o-m export price index was driven mainly by a 0.3% price drop in ‘machinery and transport equipment’. Among important sections biggest price fall occurred in ‘chemicals and related products’ (-1.7%), ‘manufactured goods classified chiefly by material’ (-0.7%) and ‘miscellaneous manufactured articles’ (-0.3%). Price growth was registered only in ‘mineral fuels, lubricants and related materials’ (+1.4%).

Imports: import prices did not change (+0.7% in August). Price growth was registered
in ’miscellaneous manufactured articles’ (+0.8%) and ‘mineral fuels, lubricants and related materials’ (+0.3%). Prices of ‘machinery and transport equipment’ did not change. Among important sections biggest prices decreased in ‘chemicals and related products’ (-0.6%), ‘crude materials, inedible, except fuels’ (-0.3%) and ‘manufactured goods classified chiefly by material’ (-0.3%).

The terms of trade figures decreased to 99.5% (100.0% in August). Among important sections, negative values reached ‘miscellaneous manufactured articles’ (98.9%), ‘manufactured goods classified chiefly by material’ (99.6%) and ‘machinery and transport equipment’ (99.7%). On the contrary, highest positive values of the terms of trade figures reached prices of ‘mineral fuels, lubricants and related materials’ (101.1%).

Year-on-year comparison:

Exports: export prices increased by 4.9% (+5.3% in August) 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 5.2% price growth in ‘machinery and transport equipment’. Prices in ‘manufactured goods classified chiefly by material’, ‘miscellaneous manufactured articles’ and ‘chemicals and related 7products‘ grew 6.7%, 5.6% and 4.2%, respectively. Prices of ‘mineral fuels, lubricants and related materials’ dropped 6.9%.

Imports: import prices increased by 3.5% (+3.3% in August). Change of the total y-o-y import price index came mainly from a 6.0% price growth in ‘machinery and transport equipment’. Prices of ‘manufactured goods classified chiefly by material’, ‘miscellaneous manufactured articles’ and ‘chemicals and related products‘ grew 5.1%, 4.3% and 3.0%, respectively. Prices of ‘mineral fuels, lubricants and related materials’ decreased by 5.3% and prices of ‘crude materials, inedible, except fuels’ fell 4.1%.

The terms of trade figures decreased to 101.4% (101.9% in August) staying in positive values for twenty-first month. Among important sections, highest positive values of the terms of trade figures were registered in ‘crude materials, inedible, except fuels’ (113.7%), ‘manufactured goods classified chiefly by material’ (101.5%) and ‘miscellaneous manufactured articles’ (101.2%). Negative values of the terms of trade figures reached ‘food and live animals’ (97.9%), ‘mineral fuels, lubricants and related materials’ (98.3%) and ‘machinery and transport equipment‘ (99.2%).

Analysis - External trade price indices development in Q3 2014


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 December 2014



  • aizc111814.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: 18.11.2014
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