10. 12. 2024 International Trade in Goods Price Indices - October 2024

Export prices
In month-on-month comparison, export prices increased by 0.9% (after exchange rate adjustment by 0.2%). The biggest increase was recorded in ‘electricity, gas, steam and air conditioning’, ‘products of forestry, logging and related services’ and in ‘coke and refined petroleum products’, by 6.8%, 6.3% and 3.6%, respectively. The prices decreased significantly in ‘ waste collection, treatment and disposal services’ and in ‘basic metals’, by 2.9% and 1.4%, respectively.

In year-on-year comparison, export prices increased by 3.0% (after exchange rate adjustment by 0.9%). The biggest increase was recorded in ‘wood and of products of wood and cork, except furniture’, ‘products of forestry, logging and related services’ and in ‘other transport equipment’, by 10.4%, 9.7% and 7.3%, respectively. Significantly, prices decreased in ‘coke and refined petroleum products’ and in ‘other non-metallic mineral products’, by 20.2% and 1.5%, respectively.

Import prices
In month-on-month comparison, import prices increased by 1.0% ( after exchange rate adjustment by 0.2% ). The prices increased significantly in ‘electricity, gas, steam and air conditioning’, ‘coke and refined petroleum products’ and in ‘crude petroleum and natural gas’, by 6.0%, 4.2% and 2.2%, respectively. The prices decreased in ‘furniture’ by 0.4%.

In year-on-year comparison , import prices increased by 0.6% (after exchange rate adjustment decreased by 1.0%). The prices increased significantly in ‘food products’, ‘textiles’ and in ‘motor vehicles, trailers and semi-trailers’, by 9.1%, 5.4% and 4.4%, respectively. Significantly decreased prices in ‘coke and refined petroleum products’, ‘crude petroleum and natural gas’ and in ‘leather and related products’, by 22.4%, 7.4% and 5.1%, respectively.

“In October the prices of international trade in goods were significantly affected by the exchange rate of Czech Koruna to Euro and US Dollar. The month-on-month export prices increased by 0.9% and import prices increased by 1.0%. In year-on-year comparison export prices increased by 3.0% and import prices increased by 0.6%. A significant year-on-year decrease was recorded in the prices of fuel ”, 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 99.9% (100.1% in September). Significant negative value reached ‘basic metals’ (98.6%) and positive value reached ‘basic pharmaceutical products and pharmaceutical preparations’ (101.3%).

In year-on-year comparison, the terms of trade reached the value of 102.4% (101.9% in September). Significant positive value reached ‘other transport equipment’ (110.1%) and negative value reached ‘food products’ (95.1%).