Export and import price indices

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In July 2021 export and import prices increased on a month-over-month basis by 3.1% and 2.4%, respectively. The terms of trade reached the value of 100.7%. Export and import prices increased 7.7% and 7.9% year-on-year respectively. The terms of trade reached the value of 99.8%.

Monthly comparison
Export price
increased by 3.1% (after 2.4% exchange rate adjustment), month-on-month (ma) in July 2021. The increase in the monthly export price index was mainly affected by an increase in the prices of “manufactured products classified mainly by material”, in particular metal and steel products, by 5.3%. Prices increased in all watch groups. TThe highest price increase was recorded in “raw materials, inedible, except fuels”, notably wood, and “mineral fuels, lubricants and related materials”, notably electricity, of 10 , 2% and 7.9, respectively.

Import priceincreased by 2.4% (after adjustment of the exchange rate of 1.7%), mum, in June 2021. The biggest effect on an overall increase in the monthly import price index was brought about mainly by an 11.0% increase in “mineral fuels, lubricants and related materials” , in particular gas, petroleum, petroleum products and electricity. . The prices were raised the most in “manufactured products classified mainly by material”, in particular iron and steel, and in “raw materials, inedible, except fuels”, in particular metal ores, metal scrap and wood, 3.5% each. Prices fell 1.0% in “live food and animals”.

The terms of trade reaches the value of 100.7% (99.4% in June 2021). The highest positive terms of trade values ​​were reached in “raw materials, inedible, except fuels” (106.5%), “miscellaneous manufactured articles” (101.8%) and “manufactured products classified mainly by material” (101.7%). The lowest negative terms of trade value was reached in “mineral fuels, lubricants and related materials” (97.2%) and “chemicals and related products”. (99.0%).

“In July 2021, there was a significant year-over-year appreciation of the CZK to the EUR and the USD, which contributed to the slowdown in the price growth of exports and imports. ‘year after year. Nonetheless, the year-on-year export and import prices increased by 7.7% and 7.9%,respectively. As in previous months, significant growth in prices for mineral fuels and raw materials continued in July. Compared month to month and year to year, the prices of iron, steel, wood and electricity have increased significantly. VladimirKlimeš, noted the head of the Unit for Industrial Price and International Trade Statistics of the Czech Statistical Office.

Year-to-year comparison

Export price increased by 7.7% (of 10.4% after adjustment of the exchange rate), from one year to the next (year-on-year). The growth of the export price index was mainly affected by an increase in the prices of “manufactured products classified mainly by material”, notably iron and steel, by 13.1%. Prices increased significantly in “non-edible raw materials, except fuels”, in particular wood and scrap metal, “mineral fuels, lubricants and related materials”, in particular electricity, petroleum and gas products, and chemicals and related products “, by 66.7%, 51.4% and 13.9%, respectively. Lower prices were recorded in ‘beverages and tobacco’, by 4 , 2%.

Import priceincreased by 7.9%, year-on-year (by 11.1% after adjustment of the exchange rate). The growth in the prices of “mineral fuels, lubricants and related materials”, in particular petroleum, petroleum products, gas and electricity, of 86.4%, had the strongest effect on the increase in the annual import price index. Prices also increased by 39.8% in “non-edible raw materials, except fuels”, in particular metalliferous ores, scrap metal and wood, in “manufactured products classified mainly by material”, in particular iron and steel, and in “chemicals and allied products”. %, 11.8% and 10.6%, respectively. Prices fell the most in “miscellaneous manufactured articles” and “machinery and transport equipment” by 2.2% and 1.5%, respectively.

The terms of trade reaches the value of 99.8% (98.4% in June 2021). The lowest terms of trade value was reached in “mineral fuels, lubricants and related materials” (81.2%). In contrast, the highest terms of trade value was recorded in “Raw materials, inedible, except fuels” (119.2%).

___________________Remarks:
Responsible manager at CZSO: JiříMrázek, director of the price statistics service, phone: (+420) 274 052 533, e-mail: [email protected]
Contact: VladimirKlimeš, Head of the Industrial Price and International Trade Statistics Unit, telephone: (+420) 274 054 102, e-mail: [email protected]
Data source: CZSO sample survey
End of data collection: 15th calendar day after the end of the reference month
Related
Document published on the Internet: 013014-21 Indices of import and export prices in the Czech Republic
https://www.czso.cz/csu/czso/export-and-import-price-indices
Specific methodological notes: The data published in the press release are definitive data.
Next press release
will be published on: October 11, 2021


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