10. 02. 2025 International Trade in Goods Price Indices - December 2024

Export prices

In month-on-month comparison, export prices decreased by 0.4% (after exchange rate adjustment the decrease stayed the same). The prices decreased in ‘ waste collection, treatment and disposal services’, ‘furniture’ and in ‘fabricated metal products, except machinery and equipment’, by 2.1%, 1.4% and 1.3%, respectively. The prices increased in ‘electricity, gas, steam and air conditioning’, ‘products of forestry, logging and related services’ and in ‘products of agriculture, hunting and related services’, by 2.3%, 1.0% and 0.6%, respectively.

In year-on-year comparison, export prices increased by 4.9% (after exchange rate adjustment by 2.3%). Significantly, prices increased in ‘electricity, gas, steam and air conditioning’, ‘products of forestry, logging and related services’ and in ‘wood and of products of wood and cork, except furniture’, by 54.2%, 12.4% and 11.9%, respectively. Significantly, prices decreased in ‘coke and refined petroleum products’, ‘ waste collection, treatment and disposal services’ and in ‘other non-metallic mineral products’, by 6.7%, 1.3% and 1.3%, respectively.

In average of 2024, compared to 2023, export prices increased by 3.1% (in 2023 decreased by 0.7%). Prices increased the most in ‘other transport equipment’, ‘furniture’ and in ‘ waste collection, treatment and disposal services’, by 12.9%, 12.3% and 7.9%, respectively. Significantly, prices decreased in ‘electricity, gas, steam and air conditioning’, ‘coke and refined petroleum products’ and in ‘products of agriculture, hunting and related services’, by 5.4%, 5.1% and 5.1%, respectively.

Import prices

In month-on-month comparison, import prices decreased by 0.2% ( after exchange rate adjustment increased by 0.1% ). The biggest decrease was recorded in ‘ electricity, gas, steam and air conditioning’, ‘paper and paper products’ and in ‘wearing apparel’, by 6.8%, 1.7% and 1.1%, respectively. The prices increased in ‘leather and related products’, ‘furniture’ and in ‘coke and refined petroleum products’, by 2.8%, 1.4% and 1.3%, respectively.

In year-on-year comparison , import prices increased by 3.5% (after exchange rate adjustment by 1.1%). The prices increased significantly in ‘electricity, gas, steam and air conditioning’, ‘crude petroleum and natural gas’, and in ‘food products’, by 24.3%, 12.0% and 11.5%, respectively. Significantly decreased prices in ‘coke and refined petroleum products’, ‘other non-metallic mineral products’ and in ‘leather and related products’, by 7.6%, 2.9% and 1.8%, respectively.

In average of 2024, compared to 2023, import prices increased on average by 1.5% (in 2023 decreased by 5.7%). Prices increased the most in ‘other transport equipment’, ‘food products’ and in ‘motor vehicles, trailers and semi-trailers’, by 8.3%, 6.9% and 5.6%, respectively. The prices decreased in ‘ electricity, gas, steam and air conditioning’, ‘coke and refined petroleum products’ and in ‘crude petroleum and natural gas’, by 15.8%, 5.7%, and 3.3%, respectively.

“In average of 2024, compared to 2023, export prices increased by 3.1% and import prices increased by 1.5%. The terms of trade reached the value of 101.5%. A significant increase of export and import prices was recorded in the prices of other transport equipment and decrease was recorded in the prices of 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 99.8% (100.1% in November). Significant negative value reached especially ‘food products’ (98.3%) and positive value reached ‘electricity, gas, steam and air conditioning’ (109.7%).

In year-on-year comparison, the terms of trade reached the value of 101.4% (102.0% in November). Significant positive value reached ‘electricity, gas, steam and air conditioning’ (124.0%) and negative value reached ‘food products’ (92.4%).

In average of 2024 , compared to 2023, the terms of trade reached the value of 101.5% (in 2023 reached the value of 105.3%). Significantly positive value reached ‘electricity, gas, steam and air conditioning’ (112.4%) and negative value reached ‘textiles’ (96.2%).