Export and import price indices - April 2012

In April 2012, export prices increased by 0.5%, import prices by 0.4%, month-on-month. Export prices went up by 2.7%, import prices rose 4.5%, year-on-year. The terms of trade figures reached 100.1%, m-o-m, and 98.3%, y-o-y.

Month-on-month comparison:

Exports: export prices increased by 0.5% in April (-1.2% in March). The change of the total
m-o-m export price index was driven mainly by 1.0% price drop in ‘manufactured goods classified chiefly by material’. Among important sections, prices in ‘miscellaneous manufactured articles’ and ‘machinery and transport equipment’ rose 0.5% and 0.3%, respectively. Significant price drop was only registered in ‘mineral fuels, lubricants and related materials‘ (-1.1%).

Imports: import prices grew by 0.4% (-0.7% in March). The change of the total m-o-m import price index was driven mainly by a 1.1% price growth in ‘chemicals and related products’. Among important sections, prices increased in ‘miscellaneous manufactured articles’ (+0.3%), ‘machinery and transport equipment’ (+0.2%) and ‘manufactured goods classified chiefly by material’ (+0.1%). Only prices in ‘food and live animals’ decreased significantly, by 0.4%

The terms of trade figures rose to 100.1% (99.5% in March). Significant positive values of
the terms of trade figures were recorded in ‘manufactured goods classified chiefly by material’ (100.9%), ’miscellaneous manufactured articles’ (100.2%) and ‘machinery and transport equipment’ (100.1%). Significant negative values of the terms of trade figures, among important sections, reached prices in ‘mineral fuels, lubricants and related materials‘ (98.4%) and ‘crude materials, inedible, except fuels’ (98.5%).

Year-on-year comparison:

Exports: export prices increased by 2.7% (+2.5% in March). The change of the total y-o-y export price index was driven mainly by 2.4% price growth in ‘machinery and transport equipment’. Significant price growth was registered in ‘chemicals and related products’ (+5.6%), ‘miscellaneous manufactured articles’ (+3.6%) and ‘manufactured goods classified chiefly by material’ (+3.3%). Prices in ‘mineral fuels, lubricants and related materials’ decreased notably by 4.4%.

Imports: import prices increased by 4.5% (+4.2% in March), this growth was also influenced by weakening koruna against dollar. Change of the total y-o-y import price index came mainly from a 18.4% price increase in ‘mineral fuels, lubricants and related materials' (+22.1% in March). Among important sections, price growths were recorded in 'chemicals and related products’ (+3.5%), ‘miscellaneous manufactured articles’ (+3.2%) and ‘machinery and transport equipment’ (+2.5%) and ‘manufactured goods classified chiefly by material’ (+0.1%). There was no price drop registered in any of monitored groups.

The terms of trade slightly decreased to 98.3%, but they have stayed in negative values for the twenty-nineth straight month. Among important sections, negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials' (80.7%), ‘food and live animals’ (98.2%) and ‘machinery and transport equipment‘ (99.9%). Positive values of the terms of trade figures, among important sections, reached ’manufactured goods classified chiefly by material’ (103.2%), ‘chemicals and related products’ (102.0%) and ‘miscellaneous manufactured articles’ (100.4%).

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
Related publications: 720144-12 Import and Export Price Indices in the Czech
Republic /csu/czso/export-and-import-price-indices-in-the-czech-republic-2012-1y6dxg5090
Specific methodical notes: The data released are final.
Next News Release: 18 July 2012

This press release was not edited for language.

Attachments

⇩ aizc061512.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)