Export and import price indices - August 2013

In August 2013, export prices decreased by 0.7%, import prices by 0.8%, month-on-month. Export prices increased by 0.3%, import prices fell 1.4%, year-on-year. The terms of trade figures reached 100.1%, m-o-m, and 101.7%, y-o-y.

Month-on-month comparison:

Exports: export prices decreased by 0.7% in August (+0.4% in July). The change of the total
m-o-m import price index was driven mainly by a 1.4% price drop in ‘machinery and transport equipment’. Among important sections biggest price drop occurred in ‘food and live animals’
(-1.9%), ‘chemicals and related products’ (-0.7%) and ‘crude materials, inedible, except fuels’
(-0.6%). Prices of ‘mineral fuels, lubricants and related materials’ and ‘miscellaneous manufactured articles’ increased by 1.1% and 0.1%, respectively.

Imports: import prices decreased by 0.8% (+0.5% in July). The change of the total m-o-m import price index was driven mainly by a 1.1% price drop in ‘machinery and transport equipment’. Among important sections prices went down significantly in ‘crude materials, inedible, except fuels’ (-1.8%), ‘food and live animals’ (-0.8%) and ‘miscellaneous manufactured articles’ (-0.7%). Only price growth was registered in ‘mineral fuels, lubricants and related materials’ (+0.2%).

The terms of trade increased to 100.1% (99.9% in July). Highest positive values were recorded in ‘crude materials, inedible, except fuels’ (101.2%), ‘mineral fuels, lubricants and related materials’ (100.9%) and ‘miscellaneous manufactured articles’ (100.8%). Among important sections, negative values of the terms of trade figures reached ‘food and live animals’ (98.9%), ‘machinery and transport equipment’ (99.7%) and ‘chemicals and related products’ (99.9%).

Year-on-year comparison:

Exports: export prices increased by 0.3% (-0.3% in July). The change of the total y-o-y export price index was driven mainly by a 0.5% price growth in ‘machinery and transport equipment’. Among important sections, prices prominently grew in ‘miscellaneous manufactured articles’ (+2.0%) and ‘chemicals and related products’ (+0.7%). On the contrary, prices in ‘mineral fuels, lubricants and related materials’, ‘crude materials, inedible, except fuels’ and ‘manufactured goods, classified chiefly by material’ fell 4.8%, 4.2% and 0.4%, respectively.

Imports: import prices decreased by 1.4% (-1.0% in July) influenced by weakenig koruna against dollar. Change of the total y-o-y import price index came mainly from a 9.7% price drop in ‘mineral fuels, lubricants and related materials’. Among important sections, prices of ‘crude materials, inedible, except fuels’, ‘chemicals and related products’ and ‘machinery and transport equipment’ fell remarkably 7.2%, 1.1% and 0.3%, respectively. Significant price growth was registered in ‘beverages and tobacco’ (+9.2%) and ‘food and live animals’ (+7.0%).

The terms of trade figures rose to 101.7% (100.7% in July), however keeping positive values for eighth month. Among important sections, highest positive values of the terms of trade figures were registered in ‘mineral fuels, lubricants and related materials’ (105.4%), ‘crude materials, inedible, except fuels’ (103.2%), ‘chemicals and related products’ (101.8%) and ‘machinery and transport equipment‘ (100.8%). On the contrary, negative values of the terms of trade figures reached ‘food and live animals’ (93.6%) and ‘manufactured goods classified chiefly by material’ (99.5%).

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: 720144-13 Import and Export Price Indices in the Czech Republic
/csu/czso/export-and-import-price-indices-in-the-czech-republic-2013-7scbqjgrxm
Specific methodical notes: The data released are final.
Next News Release: 15 November 2013

Not edited for language.

Attachments

⇩ aizc101513.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)