Export and import price indices - September 2018

Growth of annual external trade prices slowed down

16.11.2018
Code: 013014-18
 

In September 2018, export and import prices declined by 0.1%, the terms of trade figures reached 100.0%, month-on-month. Export prices increased by 1.4%, import prices by 2.4% and the terms of trade reached 99.0%, year-on-year.
 

Month-on-month comparison

Exports: export prices have decreased by 0.1% in September (-0.3% in August). The change of the total m-o-m export price index was led mainly by a 0.2% price fall in ‘machinery and transport equipment’. Prices fell in ‘chemicals and related products’ (-0.9%) and ‘manufactured goods classified chiefly by material’ (-0.1%). Biggest price growth was registered in ‘mineral fuels, lubricants, and related products’ (+1.1%) and ‘miscellaneous manufactured articles’ (+0.5%).

Imports: import prices fell 0.1% in September (also -0.1% in August). The change of the total m-o-m import price index was led mainly by a 0.5% price fall in ‘machinery and transport equipment’. Prices decreased in ‘manufactured goods classified chiefly by material’ (-0.7%) and ‘miscellaneous manufactured articles’ (-0.2%). Price growth was registered in ‘mineral fuels, lubricants, and related products’ (+2.5%) and ‘chemicals and related products’ (+0.3%).

The terms of trade increased on the value 100.0% (99.8% in August). Positive values were reached in ‘miscellaneous manufactured articles’ (100.7%), ‘manufactured goods classified chiefly by material’ (100.6%) and ‘machinery and transport equipment’ (100.3%). The lowest values of terms of trade were reached by prices in ‘mineral fuels, lubricants, and related products’ (98.6%) and ‘chemicals and related products’ (98.8%).
 

Year-on-year comparison

Exports: export prices grew by 1.4% (+1.6% in August). A significant effect on the development of the y-o-y export price index was the increase in the prices of ‘mineral fuels, lubricants, and related products’ (+24.1%; especially electricity). Prices increased in ‘manufactured goods classified chiefly by material’ (+2.9%) and ‘chemicals and related products’ (+2.0%). Prices fell
in ‘machinery and transport equipment’ (-0.6%) and ‘crude materials, inedible, except fuels’
(-0.4%).

Imports: import prices increased by 2.4% (+2.9% in August). The growth of the total annual import price index was primarily driven by a 32.9% growth in ‘mineral fuels, lubricants, and related products’ (primarily petroleum and petroleum products). Prices increased in ‘chemicals and related products’ (+3.8%) and ‘manufactured goods classified chiefly by material’ (+0.4%). Prices fell in ‘food and live animals’ (-2.8%), ‘miscellaneous manufactured articles‘ (-1.9%) and ‘machinery and transport equipment‘ (-0.1%).

The terms of trade figures increased to the value of 99.0% (98.7% in August) and fourth month stayed in negative values. Negative values were reached by prices of ‘mineral fuels, lubricants, and related products‘ (93.4%), ‘chemicals and related products’ (98.3%) and ‘machinery and transport equipment‘ (99.5%). The highest values were reached by ‘food and live animals’ (103.1%), ‘manufactured goods classified chiefly by material’ (102.5%) and ‘miscellaneous manufactured articles’ (102.3%).
 

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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: 15th calendar day after the reference month
Related publications: 013014-18 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 released are final.
Next News Release: 17 December 2018

Not edited for language

 


Related analysis: Development of external trade price indices - 3. quarter of 2018

  • aizc111618.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: 16.11.2018
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