Export and import price indices - January 2011

In January 2011, export prices decreased by 1.1% and import prices by 0.4%, month-on-month. Export prices rose by 0.6% and import prices by 4.6%, year-on-year. The terms of trade figures reached 99.3%, m-o-m, and 96.2%, y-o-y.

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Month-on-month comparison:

Exports: export prices decreased by 1.1% in January (+2.5% in December). Drop of the total m-o-m export price index came mainly from a 2.3% price growth in ‘machinery and transport equipment’. Another significant price drops were recorded in ‘mineral fuels, lubricants and related materials‘ (-1.7%), ‘miscellaneous manufactured articles’ (-1.4%) and ‘manufactured goods classified chiefly by material’ (0.2%). Among important sections, prices in ‘crude materials, inedible, except fuels’, ‘food and live animals’ and ‘chemicals and related products’ increased by 6.6%, 0.6% and 0.3%, respectively.
Imports: import prices decreased by 0.4% (+3.2% in December). Fall of the total m-o-m import price index was driven mainly by 1.5% price growth in ‘machinery and transport equipment’. Prices in ‘miscellaneous manufactured articles’ fell by 1.6%. Among important sections, price growth was reported in ‘crude materials, inedible, except fuels’ (2.0%), ‘manufactured goods classified chiefly by material’ (0.7%), ‘chemicals and related products’ (0.6%) and ‘mineral fuels, lubricants and related materials’ (0.5%).
The terms of trade figures remained unchanged from November (99.3%). Negative values of the terms of trade figures, among important sections, were recorded in ‘mineral fuels, lubricants and related materials’ (97.8%), ‘manufactured goods classified chiefly by material’ (99.1%), ‘machinery and transport equipment’ (99.2%) and ‘chemicals and related products’ (99.7%). On the contrary, positive values of the terms of trade figures reached prices in ‘crude materials, inedible, except fuels’ (104.5%), ‘food and live animals’ (100.4%) and ‘miscellaneous manufactured articles’ (100.2%).

Year-on-year comparison:

Exports: export prices increased by 0.6% (+2.3% in December). Index was affected mainly by price growth in ‘manufactured goods classified chiefly by material’ by 4.1%. Among sections important in terms of weight, the price growths were recorded in ‘crude materials, inedible, except fuels’ (29.1%), ‘mineral fuels, lubricants and related materials’ (17.5%), ‘food and live animals’ (6.8%) and ‘chemicals and related products’ (6.7%). Price drops were recorded only in ‘machinery and transport equipment’ and ‘miscellaneous manufactured articles’ by 4.1% and 3.1%, respectively.
Imports: import prices went up by 4.6% (+5.9% in December). The growth of the total y-o-y import price index came mainly from a 21.7% price increase in ‘mineral fuels, lubricants and related materials'. Significant price growths were also recorded in ‘crude materials, inedible, except fuels’ (37.8%), manufactured goods classified chiefly by material’ (6.7%), ‘food and live animals’ (4.3%) and ‘chemicals and related products’ (3.6%). Prices dropped only in ‘miscellaneous manufactured articles' (-1.0%) and ‘machinery and transport equipment’ (1.4%).
The terms of trade decreased to 96.2%* and for the fourteenth month remained in negative values. The lowest values of the terms of trade figures recorded ‘crude materials, inedible, except fuels’ (93.7%), ‘mineral fuels, lubricants and related materials' (96.5%), 'machinery and transport equipment' (97.3%), ’manufactured goods classified chiefly by material’ (97.6%) and ‘miscellaneous manufactured articles’ (99.9%). On the contrary, significant positive values of the terms of trade figures were recorded in ‘chemicals and related products’ (103.0%) and ‘food and live animals’ (102.4%).

This press release was not edited for language.

* Index was corrected in compliance with Czech version on 24 ^th March 2011. We apologize for any inconvenience this may have caused.

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: Last calendar day of the month
Specific methodical notes: The data released are final.
Related publications: 7201-11 Import and Export Price Indices in the Czech Republic
Detailed (Internet: /csu/czso/export-and-import-price-indices-in-the-czech-republic-2011-o2qhupox2g
Next News Release: 15 April 2011

Attachments

⇩ aizc031511.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)