11. 11. 2024 International Trade in Goods Price Indices - September 2024

Export prices
In month-on-month comparison, export prices decreased by 0.5% (after exchange rate adjustment by 0.2%). The prices decreased significantly in ‘coke and refined petroleum products’, ‘electricity, gas, steam and air conditioning’ and in ‘ waste collection, treatment and disposal services’, by 8.1%, 7.3% and 2.9%, respectively. The biggest increase was recorded in ‘products of agriculture, hunting and related services’ and in ‘computer, electronic and optical products’, by 2.4% and 0.8%, respectively.

In year-on-year comparison, export prices increased by 2.3% (after exchange rate adjustment by 0.2%). The biggest increase was recorded in ‘ waste collection, treatment and disposal services’, ‘products of forestry, logging and related services’ and in ‘other transport equipment’, by 13.3%, 12.2% and 9.6%. Significantly, prices decreased in ‘coke and refined petroleum products’ and ‘electricity, gas, steam and air conditioning’, by 25.2% and 9.8%, respectively.

Import prices
In month-on-month comparison, import prices decreased by 0.6% ( after exchange rate adjustment by 0.3% ). The biggest decrease was recorded in ‘coke and refined petroleum products’, ‘electricity, gas, steam and air conditioning’ and in ‘crude petroleum and natural gas’, by 9.4%, 7.3% and 3.2%, respectively. The biggest increase was recorded in ‘furniture’, ‘wearing apparel’ and in ‘food products’, by 3.8%, 2.4% and 2.0%, respectively.

In year-on-year comparison , import prices increased by 0.4% (after exchange rate adjustment decreased by 1.2%). The prices increased significantly in ‘other transport equipment’, ‘food products’ and in ‘textiles’, by 9.4%, 8.0% and 5.3%, respectively. Prices decreased significantly in ‘coke and refined petroleum products’, ‘electricity, gas, steam and air conditioning’ and in ‘crude petroleum and natural gas’, by 27.4%, 16.1% and 4.8%, respectively.

“In September the month-on-month export prices decreased by 0.5% and import prices decreased by 0.6%. In year-on-year comparison export prices increased by 2.3% and import prices increased by 0.4%. A significant year-on-year decrease was recorded in the prices of fuel and electricity ”, 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 100.1% (99.8% in August). Significant positive value reached ‘coke and refined petroleum products’ and ‘computer, electronic and optical products’ (both 101.4%) and negative value reached ‘furniture’ (94.2%).

In year-on-year comparison, the terms of trade reached the value of 101.9% (100.9% in August). Significant positive value reached ‘wood and of products of wood and cork, except furniture’ (108.3%) and negative value reached ‘textiles’ (95.9%).