Export and Import Price Indices - 1st Quarter 2023
Highlights
Export Price Index (EPI)
1. EPI rose by 7.6% from 142.2 in the fourth quarter of 2022 to 153.0 in the first quarter of 2023, mainly due to increases in the prices of “Food and live animals" (+11.8%), “Miscellaneous manufactured articles" (+4.9%) and “Chemicals and related products, n.e.s" (+9.4%).
2. Compared to price levels in the corresponding quarter of 2022, the index increased by 12.1% which was mainly due to increases in the prices of “Food and live animals" (+21.4%), “Miscellaneous manufactured articles" (+7.1%) and “Chemicals and related products, n.e.s" (+11.6%).
Import Price Index (IPI)
3. IPI increased by 1.3% from 168.0 in the fourth quarter of 2022 to 170.1 in the first quarter of 2023. That was mainly the effect of increases in the prices of “Food and live animals" (+5.2%), “Machinery and transport equipment" (+5.9%) and “Chemicals and related products, n.e.s" (+8.5%), partly offset by decreases in the prices of “Mineral fuels, lubricants and related materials" (-1.9%).
4. Compared to the corresponding quarter of 2022, the index rose by 4.8%, mainly as a result of increases in the prices of “Food and live animals" (+10.5%), “Mineral fuels, lubricants and related materials" (+2.8%), “Machinery and transport equipment" (+8.1%) and “Chemicals and related products, n.e.s" (+5.5%), partly offset by decreases in the prices of Manufactured goods classified chiefly by material" (-4.7%).
Terms of Trade Index
5. The terms of trade index, i.e., the ratio of EPI to IPI, increased by 5.3 points (+6.3%) from 84.6 in the fourth quarter of 2022 to 89.9 in the first quarter of 2023. Compared to 84.1 in the corresponding quarter of 2022, the terms of trade increased by 5.8 points (+6.9%).
26 June 2023
