11.06.2024 International Trade in Goods Price Indices - April 2024

In April 2024 export prices increased month-on-month by 0.8%, in year-on-year comparison increased by 4.9%. Import prices increased month-on-month by 0.4%, year-on-year increased by 3.5%. The terms of trade reached month-on-month the value of 100.4%, year-on-year 101.4%.

Export prices
In month-on-month comparison, export prices increased by 0.8% (after exchange rate adjustment by 0.6%). The biggest increase was recorded in ‘electricity, gas, steam and air conditioning’, ‘products of forestry, logging and related services’ and in ‘basic pharmaceutical products and pharmaceutical preparations’, by 3.7%, 2.8% and 2.3%, respectively. Significantly prices decreased in ‘other non-metallic mineral products’, ‘food products’ and in ‘furniture’, by 0.5%, 0.4% and 0.3%, respectively.

In year-on-year comparison, export prices increased by 4.9% (after exchange rate adjustment by 1.5%). The biggest increase was recorded in ‘other transport equipment’, ‘furniture’ and in ‘motor vehicles, trailers and semi-trailers’, by 19.8%, 15.1% and 10.4%, respectively. The prices decreased especially in ‘electricity, gas, steam and air conditioning’, ‘products of forestry, logging and related services’ and in ‘products of agriculture, hunting and related services’, by 18.3%, 8.4% and 5.9%, respectively.

Import prices
In month-on-month comparison, import prices increased by 0.4% ( after exchange rate adjustment by 0.3% ). The biggest increase was recorded in ‘electricity, gas, steam and air conditioning ’, by 2.7%, in ‘basic metals’ and in ‘wearing apparel’, both by 1.8%. The prices decreased especially in ‘other manufactured goods’, ‘leather and related products’ and in ‘basic pharmaceutical products and pharmaceutical preparations’, by 1.0%, 0.7% and 0.5%, respectively.

In year-on-year comparison , import prices increased by 3.5% (after exchange rate adjustment by 2.2%). The prices increased significantly in ‘other transport equipment’, ‘coke and refined petroleum products’ and in ‘beverages’, by 16.4%, 10.4% and 9.3%, respectively. Significantly prices decreased in ‘electricity, gas, steam and air conditioning’, ‘wood and of products of wood and cork, except furniture’ and in ‘paper and paper products’, by 25.5%, 3.2% and 1.6%, respectively.

“In April the export and import prices were significantly affected by year-on-year weakening of the exchange rate of Czech Koruna to Euro and US Dollar. Year-on-year export prices increased by 4.9% and import prices increased by 3.5%. In year-on-year comparison export prices in electricity decreased by 18.3% and import prices by 25.5% ”, Vladimír Klimeš , Head of the Industrial and International Trade Prices Statistics Unit of the Czech Statistical Office, noted.

The terms of trade
In month-on-month comparison, the terms of trade reached the value of 100.4% (99.7% in March). Significant positive value reached ‘basic pharmaceutical products and pharmaceutical preparations’ (102.8%) and significant negative value reached ‘food products’ (98.9%).

In year-on-year comparison, the terms of trade reached the value of 101.4% (101.7% in March). Significant positive value reached ‘chemicals and chemical products’ (105.5%) and significant negative value reached ‘fabricated metal products, except machinery and equipment’ (94.9%).

_________________
Notes :
Responsible head at the CZSO: Jiří Mrázek, Director of the Prices Statistics Department, phone: (+420) 274 052 533, e-mail: jiri.mrazek@czso.cz
Contact person: Vladimír Klimeš, Head of the Industrial and International Trade Prices Statistics Unit, phone: (+420) 274 054 102, e-mail: vladimir.klimes@czso.cz
Data source: Sample survey of the CZSO
End of data collection: 15th calendar day after the reference month end
Related Internet-published document : 013014-24 Import and Export Price Indices in the Czech Republic (month periodicity)
https://vdb.czso.cz/vdbvo2/faces/en/index.jsf?page=statistiky#katalog=31781
Specific methodical notes: The data published in the News Release are final data
Next News Release shall be published on : 10 July 2024

Attachments

⇩ aizc061124.docx
Annexes:
⇩ Table 1 Export and Import Price Indices
⇩ Table 2 Export and Import Price Indices (breakdown of increments of published and exchange rate adjusted indices – month-on-month, year-on-year)
⇩ Table 3 Constant Weights of Export and Import by Sections of Classification CPA
⇩ Chart 1 Export and Import Price Indices (year-on-year changes)

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