Export and import price indices - November 2011

In November 2011, export prices increased by 2.0%, import prices by 1.8%, month-on-month. Export prices went up by 5.8%, import prices rose by 7.6%, year-on-year. The terms of trade figures reached 100.2%, m-o-m, and 98.3%, y-o-y.

Month-on-month comparison:

Exports: export prices rose by 2.0% (+0.6% in October). Prices grew in all important sections. The change of the total m-o-m export price index was driven mainly by 2.2% price growth in ‘machinery and transport equipment’. Among important sections, prices in ‘mineral fuels, lubricants and related materials’, ‘manufactured goods classified chiefly by material’, ‘miscellaneous manufactured articles’ and ‘chemicals and related products’ increased by 3.4%, 1.9%, 1.4% and 0.7%, respectively.

Imports: import prices increased by 1.8% (+0.9% in October). Increase of the total m-o-m import price index was driven mainly by a 1.6% price growth in ‘machinery and transport equipment’. The biggest price growths were recorded in ‘mineral fuels, lubricants and related materials’ (+3.2%), ‘crude materials, inedible, except fuels’ (+2.2%), ‘manufactured goods classified chiefly by material’ (1.7%) and ‘miscellaneous manufactured articles’ (+1.6%). There was no price drop recorded among important sections.

The terms of trade figures increased to 100.2% (99.7% in October). Positive values of the terms of trade figures, among important sections, were recorded in ‘machinery and transport equipment’ (100.6%) and ‘manufactured goods classified chiefly by material’ (100.2%). On the contrary, negative values of the terms of trade figures reached prices in ‘chemicals and related products’ (99.3%), ‘crude material, inedible, except fuel’ (99.4%), and ‘miscellaneous manufactured articles’ (99.8%).

Year-on-year comparison:

Exports: export prices increased by 5.8% (+4.5% in October). Prices went up in all important sections. The change of the total y-o-y export price index was driven mainly by 9.1% price growth in ‘manufactured goods classified chiefly by material’. Among important sections, prices were rising in ‘mineral fuels, lubricants and related materials’ (+15.2%), ‘chemicals and related products’ (+9.0%), ‘miscellaneous manufactured articles’ (+5.8%) and ‘machinery and transport equipment’ (+2.8%).

Imports: import prices rose by 7.6% (+6.9% in October). The growth of the total y-o-y import price index came mainly from a 33.9% price increase in ‘mineral fuels, lubricants and related materials' (+36.1% in October). Among important sections, price growths were recorded in 'chemicals and related products’ (+7.1%), ‘manufactured goods classified chiefly by material’ (+5.3%), ‘miscellaneous manufactured articles’ (+3.9%) and ‘machinery and transport equipment’ (+1.3%). Prices did not fall in any important sections.

The terms of trade increased to 98.3% (97.8% in October), however they remained in negative values for the twenty-fourth consecutive month. Among important sections, negative values of the terms of trade figures recorded ‘mineral fuels, lubricants and related materials' (86.0%) and ‘crude materials, inedible, except fuels’ (91.6%). Positive values of the terms of trade figures, among important sections, reached ’manufactured goods classified chiefly by material’ (103.6%), ‘miscellaneous manufactured articles’ (101.8%) and ‘machinery and transport equipment (101.5%).

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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
End of data processing: 10th calendar day after the following month
Specific methodical notes: The data released are final.
Related publications: 720144-11 Import and Export Price Indices in the Czech Republic
Detailed structure: http://www.czso.cz/csu/czso/export-and-import-price-indices-in-the-czech-republic-2011-o2qhupox2g
Next News Release: 15 February 2012

Attachments

⇩ aizc011612.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)