Export and import price indices - September 2019

Increase of Export Prices Continued

11.11.2019
Code: 013014-19
 

In September 2019 export prices and import prices increased month-on-month by 0.4% and 0.3%, respectively. The terms of trade reached the value of 100.1%. Export prices increased by 0.9%, import prices decreased year-on-year by 0.7%. The terms of trade reached the value of 101.6%.
 

Month-on-Month Comparison

Export prices increased by 0.4%, month-on-month (m-o-m) in September 2019. The growth in the monthly export price index was essentially affected by an increase in prices of ‘machinery and transport equipment’ by 0.4%. Prices in ‘mineral fuels, lubricants, and related products’ increased by 1.2%, especially in petroleum products prices. Prices rose in ‘miscellaneous manufactured articles’ by 0.8% and ‘chemicals and related products’ by 0.5%. Price drop was recorded only in ‘crude materials, inedible, except fuels’ by 1.5%.

Import prices increased by 0.3%, m-o-m, in September 2019. The greatest effect on an overall growth in the monthly import price index was brought mainly by an increase in ‘machinery and transport equipment’ by 0.3%. Prices increased mainly in ‘mineral fuels, lubricants, and related products’ by 1.4%, especially in petroleum prices, ‘food and live animals’ by 1.0 %, ‘miscellaneous manufactured articles’ by 0.6% and ‘manufactured goods classified chiefly by material‘ by 0.4%. Price drop was recorded only in ’crude materials, inedible, except fuels’ by 3.0%.

The terms of trade reached the value of 100.1%. Positive values of the terms of trade were reached in ’crude materials, inedible, except fuels’ (101.5%), ‘chemicals and related products’ (100.4%) and ‘machinery and transport equipment’ (100.1 %). Negative values of the terms of trade were reached in ‘food and live animals’ (99.3%) and ‘mineral fuels, lubricants and related products’ (99.8%).
 

Year-on-Year Comparison

Export prices grew by 0.9%, year-on-year (y-o-y) (in August 2019 they increased by 0.4%). The increase in the export price index was essentially affected by a growth in prices of ‘machinery and transport equipment’ by 2.1%. Prices in ‘miscellaneous manufactured articles’ increased by 4.3%. The biggest price drop was recorded in ‘mineral fuels, lubricants, and related products’ by 10.3%, especially in electricity and petroleum products prices. Prices in ‘crude materials, inedible, except fuels’ and ‘chemicals and related products’ decreased by 8.5% and 0.7%, respectively.

Import prices fell by 0.7%, y-o-y (by 1.1% in August 2019). A fall in prices of ‘mineral fuels, lubricants, and related products’ by 15.2%, especially in petroleum and gas prices, had the strongest effect on the decrease of the annual import price index. Prices fell in ‘chemicals and related products’ by 2.6%. The biggest price growth was recorded in ‘crude materials, inedible, except fuels’ by 9.4%, ‘food and live animals’ by 3.4% and ‘machinery and transport equipment‘ by 1.4%.

The terms of trade increased to the value of 101.6% (they reached 101.5% in August 2019) and for the fourth month stayed in positive values. Out of the important groups of goods positive values of the terms of trade were recorded in ‘mineral fuels, lubricants, and related products’ (105.8%), ‘miscellaneous manufactured articles’ (103.7%) and in ‘machinery and transport equipment’ (100.7%). The lowest values of the terms of trade were reached especially in ‘crude materials, inedible, except fuels’ (83.6%) and ‘food and live animals’ (96.6%).
 

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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: 10 December 2019

 


Related analysis: Development of external trade price indices - 3. quarter of 2019

  • aizc111119.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: 11.11.2019
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