Export and import price indices - February 2010

Strong koruna increased y-o-y drop of external trade prices

15.04.2010
Code: r-7201-10
 




In February 2010, export prices went up by 0.2% and import prices by 0.3%, month-on-month. Year-on-year, export prices decreased by 8.7% and import prices by 6.7%. The terms of trade figures reached 99.9%, m-o-m, and 97.9%, y-o-y.


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Month-on-month comparison:
  • Exports: export prices increased by 0.2% in February (0.5% in January). The growth of the total m-o-m export price index came mainly from a 3.9% price increase in ‘crude materials, inedible, except fuels’. The increases were recorded also for prices of ‘chemicals and related products’ by 1.4% and ‘manufactured goods, classified chiefly by materials’ by 0.4%. The price drops were registered in ‘miscellaneous manufactured articles’ by 0.6% and ‘machinery and transport equipment’ by 0.2%.
  • Imports: import prices went up by 0.3% (0.8% in January). Increase of the total m-o-m import price index was driven mainly by a 1.8% growth in prices of ‘mineral fuels, lubricants and related materials’. Prices of ‘food and live animals’ went up by 1.8%, prices of 'machinery and transport equipment’ by 0.3% and prices of ‘chemicals and related products’ increased by 0.2%. The most significant price drops were registered in ‘crude materials, inedible, except fuels’ by 2.3%, prices of ‘manufactured goods, classified chiefly by materials’ and ‘miscellaneous manufactured articles’ decreased identically by 0.2%.
  • The terms of trade figures remained in negative values for the fourth successive month, when they slightly increased at 99.9% in February (99.7% in January). Negative values of the terms of trade were recorded for ‘food and live animals’ (98.5%), ‘mineral fuels, lubricants and related materials' and ‘machinery and transport equipment’ both identically (99.5%) and ‘miscellaneous manufactured articles’ (99.6%). Among important section positive values of the terms of trade were registered in ‘crude materials, inedible, except fuels’, (106.3%), ‘chemicals and related products’ (101.2%) and ‘manufactured goods classified chiefly by materials’ (100.6%).


Year-on-year comparison:
  • Exports: export prices were decreasing for the seventh month, this time by 8.7 % (5.5% in January), especially due to strengthening of the koruna against euro and dollar. The drop of the total y-o-y export price index was mainly affected by a 8.1% price decrease in ‘machinery and transport equipment’. More marked price drops were recorded in ‘mineral fuels, lubricants and related materials’ by 18.4%, ’manufactured goods classified chiefly by material’ by 13.5% and ‘‘miscellaneous manufactured articles’ by 7.8%. Price growth was reported only for ‘crude materials, inedible, except fuels’ by 17.3%.
  • Imports: import prices decreased by 6.7% (3.9% in January). The decrease of the total y-o-y import price index came mainly from a 8.1% price drop in 'machinery and transport equipment’. Among important sections price drops were recorded in ‘crude materials, inedible, except fuels’ by 19.8%, ‘miscellaneous manufactured articles’ by 8.4%, ‘food and live animals’ by 7.4% and ’manufactured goods classified chiefly by material’ by 7.0%. Price increase was observed only in ‘mineral fuels, lubricants and related materials' by 5.2%.
  • The terms of trade figures dropped at 97.9% in February (98.3% in January) and for the third month they remained in negative values. However, negative values of the terms of trade figures recorded only ‘mineral fuels, lubricants and related materials' (77.6%) and ’manufactured goods classified chiefly by material’ (93.0%). Among sections important in terms of weight, positive values of the terms of trade figures reached ‘crude materials, inedible, except fuels’ (146.3%), ‘chemicals and related products’ (105.1%) and ‘miscellaneous manufactured articles’ (100.7%). The terms of trade figures for ‘machinery and transport equipment' were 100.0%.



Note:
Contact: Vladimír Klimeš, phone (+420) 274 054 102, e-mail: vladimir.klimes@czso.cz
Data source: CZSO survey
End of data collection: Last calendar day of the month
End of data processing: Import and export price indices: 15th calendar day after next month
Related publications: 7201-10 Import and Export Price Indices in the Czech Republic
Detailed (Internet: /csu/czso/export-and-import-price-indices-in-the-czech-republic-december-2010-tm2veah5zk )
The data released are final.



  • aizc041510.doc

  • Annexes:
  • Table 1 Prices of exports and imports of goods (indices)
  • Table 2 Prices of exports and imports of goods (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: 15.04.2010
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