Export and import price indices - January 2012

In January 2012, export prices increased by 0.6%, import prices by 1.4%, month-on-month. Export prices went up by 5.4%, import prices rose by 7.0%, year-on-year. The terms of trade figures reached 99.2%, m-o-m, and 98.5%, y-o-y.

Month-on-month comparison:

Exports: export prices rose by 0.6% in January (+0.3% in December). The change of the total m-o-m export price index was driven mainly by 0.8% price growth in ‘manufactured goods classified chiefly by material’. Among important sections, prices in ‘chemicals and related products‘, ‘miscellaneous manufactured articles’ and ‘machinery and transport equipment’ increased by 2.4%, 0.8% and 0.3%, respectively. Only price drop was registered in ‘mineral fuels, lubricants and related materials‘ (-0.6%).

Imports: import prices increased by 1.4% (+0.8% in December). Increase of the total m-o-m import price index was driven mainly by a 4.5% price growth in ‘mineral fuels, lubricants and related materials’. Among important sections, price growths were recorded in ‘machinery and transport equipment’ (+1.3%), ‘chemicals and related products’ (+1.2%) and ‘manufactured goods classified chiefly by material’ (+0.6%). Prices in ‘miscellaneous manufactured articles’ did not change and prices in ‘crude materials, inedible, except fuels’ fell by 1.5%.

The terms of trade figures decreased to 99.2% (99.5% in December). Significant negative values of the terms of trade figures were recorded in ‘mineral fuels, lubricants and related materials‘ (95.1%), ‘food and live animals’ (98.6%) and ‘machinery and transport equipment’ (99.0%). Positive values of the terms of trade figures reached prices in ‘chemicals and related products’ (101.2%), miscellaneous manufactured articles’ (100.8%) and ‘manufactured goods classified chiefly by material’ (100.2%).

Year-on-year comparison:

Exports: export prices increased by 5.4% (+3.5% in December). The change of the total y-o-y export price index was driven mainly by 8.4% price growth in ‘manufactured goods classified chiefly by material’. In ‘mineral fuels, lubricants and related materials’, ‘chemicals and related products’, ‘miscellaneous manufactured articles’ and ‘machinery and transport equipment’ prices increased by 7.3%, 7.2%, 6.9% and 3.7%, respectively. Only price drop was registered in ‘crude materials, inedible, except fuels’ (-0.5%).

Imports: import prices increased by 7.0% (+5.1% in December). Change of the total y-o-y import price index came mainly from a 28.2% price increase in ‘mineral fuels, lubricants and related materials' (+23.3% in December). Among important sections, price growths were recorded in 'chemicals and related products’ (+5.4%), ‘miscellaneous manufactured articles’ (+4.0%), ‘manufactured goods classified chiefly by material’ (+3.3%), and ‘machinery and transport equipment’ (+3.0%). Prices did not fall in any of important sections.

The terms of trade remained at 98.5%, however they have lain in negative values for the twenty-sixth consecutive month. Among important sections, negative values of the terms of trade figures reached ‘mineral fuels, lubricants and related materials' (83.7%) and ‘crude materials, inedible, except fuels’ (92.4%). Positive values of the terms of trade figures, among important sections, reached ’manufactured goods classified chiefly by material’ (104.9%), ‘miscellaneous manufactured articles’ (102.8%) and ‘machinery and transport equipment (100.7%).

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
Detailed structure: /csu/czso/export-and-import-price-indices-in-the-czech-republic-2011-o2qhupox2g
Specific methodical notes: The data released are final.
Next News Release: 16 April 2012

This press release was not edited for language.

Attachments

⇩ aizc031512.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)