Export and Import Price Indices - 1st Quarter 2025
Highlights
Export Price Index (EPI)
1. EPI fell by 0.1% from 164.7 in the fourth quarter of 2024 to 164.5 in the first quarter of 2025, mainly due to decreases in the prices of “Miscellaneous manufactured articles" (-0.2%) and, “Chemicals and related products, n.e.s" (-1.2%).
2. Compared to price levels in the corresponding quarter of 2024, the index increased by 3.1%, mainly due to increases in the prices of “Miscellaneous manufactured articles" (+6.7%).
Import Price Index (IPI)
3. IPI decreased by 0.1% from 160.7 in the fourth quarter of 2024 to 160.5 in the first quarter of 2025. That was mainly the effect of decreases in the prices of “Food and live animals" (-1.0%), “Crude materials, inedible, except fuels" (-6.0%), “Manufactured goods classified chiefly by material" (-1.2%) and, “Chemicals and related products, n.e.s" (-1.4%), partly mitigated by increases in the prices of “Mineral fuels, lubricants and related materials" (+1.2%).
4. Compared to the corresponding quarter of 2024, the index decreased by 1.0%, mainly as a result of decreases in the prices of “Mineral fuels, lubricants and related materials" (-2.7%), “Crude materials, inedible, except fuels" (-12.2%) and, “Food and live animals" (-1.5%), partly mitigated by increases in the prices of “Machinery and transport equipment" (+3.5%).
Terms of Trade Index
5. The terms of trade index, i.e., the ratio of EPI to IPI, remained unchanged at 102.5 from the fourth quarter of 2024 to the first quarter of 2025. Compared to 98.4 in the corresponding quarter of 2024, the terms of trade index increased by 4.1 points (+4.2%).
24 June 2025
