In November 2020 export prices and import prices decreased month-on-month by 1.8%, identically. The terms of trade reached the value of 100.0%. Export prices rose year-on-year by 2.0% and import prices fell year-on-year by 0.9%. The terms of trade reached the value of 102.9%.
Month-on-Month Comparison:
Export prices, mainly due to the strengthening of the CZK to EUR and USD, decreased by 1.8%, month-on-month (m-o-m) in November 2020 (they rose after adjusting for exchange rate effects by 0.3%). The fall in the monthly export price index was essentially affected by a decrease in prices of âmachinery and transport equipmentâ by 2.0%. The price decrease was recorded in âbeverages and tobaccoâ by 2.5%, also fell in âchemicals and related productsâ and in âmiscellaneous manufactured articlesâ by 2.0%, identically. On the contrary, the prices increased in âmineral fuels, lubricants and related materialsâ and in âcrude materials, inedible, except fuelsâ by 0.8% and 0.7%, respectively.
Import prices decreased by 1.8% (they rose after adjusting for the exchange rate effect by 0.3%), m-o-m, in November 2020. The greatest effect on an overall fall in the monthly import price index was brought mainly by a decrease in âmachinery and transport equipmentâ by 2.1%. Prices fell in âfood and live animalsâ by 3.5%, also decreased in âcrude materials, inedible, except fuelsâ and in âchemicals and related productsâ by 1.9%, identically. The prices increased only in âmineral fuels, lubricants and related materialsâ (electric current and gas) by 1.5%.
The terms of trade reached the value of 100.0%. The positive values of the terms of trade were reached in âcrude materials, inedible, except fuelsâ (102.7%), âfood and live animalsâ (102.2%) and in âmachinery and transport equipmentâ (100.1%). The lowest negative values of the terms of trade were reached in âbeverages and tobaccoâ (98.4%), âmineral fuels, lubricants and related materialsâ (99.3%) and in âmiscellaneous manufactured articlesâ (99.7%).
Year-on-Year Comparison:
Export prices rose by 2.0%, year-on-year (y-o-y) (in October 2020 by 3.2%). The growth in the export price index was essentially affected by an increase in prices of âmachinery and transport equipmentâ by 3.5%. Prices increased in âbeverages and tobaccoâ, âfood and live animalsâ and in âmiscellaneous manufactured articlesâ by 5.2%, 4.0% and 2.4%, respectively. Prices decreased only in âmineral fuels, lubricants and related materialsâ, especially petroleum products, and in âchemicals and related productsâ by 13.1% and 2.5%, respectively.
Import prices fell by 0.9%, y-o-y (in October 2020 rose by 0.6%). The fall in prices of âmineral fuels, lubricants and related materialsâ, especially petroleum and petroleum products, by 20.7% had the strongest effect on the decrease of the annual import price index. Prices also decreased in âfood and live animalsâ and in âchemicals and related productsâ by 2.0% and 0.5%, respectively. On the contrary, price growth was recorded in âbeverages and tobaccoâ, âmiscellaneous manufactured articlesâ and in âmachinery and transport equipmentâ by 3.4%, 1.7% and 1.1%, respectively.
The terms of trade increased to the value of 102.9% (they reached 102.6% in October 2020) and for the ninth month in a row remained in positive values. The highest positive values of the terms of trade were reached in âmineral fuels, lubricants and related materialsâ (109.6%), âfood and live animalsâ (106.1%) and in âcrude materials, inedible, except fuelsâ (103.3%). Negative values of the terms of trade were recorded only in âchemicals and related productsâ (98.0%).
