Export and Import Price Indices - 2nd Quarter 2020Highlights
Export Price Index (EPI)
1. EPI rose by 6.3% from 110.0 in the first quarter to 116.9 in the second quarter of 2020, mainly due to increases in the prices of "Miscellaneous manufactured articles" (+6.3%) and "Food and live animals" (+6.3%).
2. Compared to price levels in the corresponding quarter of 2019, the index increased by 18.0%. This is mainly due to increases in the prices of “Miscellaneous manufactured articles" (+22.9%) and “Food and live animals" (+12.7%).
Import Price Index (IPI)
3. IPI increased by 2.2% from 99.4 in the first quarter to 101.6 in the second quarter of 2020. This is mainly attributable to price increases of "Food and live animals" (+16.4%), “Machinery and transport equipment" (+8.5%) and “Manufactured goods classified chiefly by material" (+4.9%), partly offset by a decrease in the prices of “Mineral fuels, lubricants and related materials" (-11.1%).
4. Compared to the corresponding quarter of 2019, the index rose by 9.4%, mainly as a result of increases in the prices of “Food and live animals" (+11.4%), “Machinery and transport equipment" (+14.1%), “Manufactured goods classified chiefly by material" (+10.8%), “Mineral fuels, lubricants and related materials" (+4.0%) and “Miscellaneous manufactured articles" (+32.8%).
Terms of Trade Index
- The terms of trade index, i.e. the ratio of EPI to IPI, increased by 4.4 points (+4.0%) from 110.7 in the first quarter to 115.1 in the second quarter of 2020. Compared to the corresponding quarter of 2019, the terms of trade increased by 8.4 points (+7.9%).
September 2020
