Export and Import Price Indices - 2nd Quarter 2022
Highlights
Export Price Index (EPI)
1. EPI fell by 0.7% from 136.5 in the first quarter of 2022 to 135.6 in the second quarter, mainly due to decreases in the prices of “Food and live animals" (-2.2%) and “Chemicals and related products, n.e.s" (-1.9%), partly mitigated by increases in the prices of “Miscellaneous manufactured articles" (+0.5%).
2. Compared to price levels in the corresponding quarter of 2021, the index increased by 7.0% which was mainly due to increases in the prices of “Miscellaneous manufactured articles" (+11.3%), “Food and live animals" (+1.7%) and “Manufactured goods classified chiefly by material" (+6.3%).
Import Price Index (IPI)
3. IPI increased by 15.0% from 162.3 in the first quarter of 2022 to 186.7 in the second quarter. That was mainly the effect of increases in the prices of “Mineral fuels, lubricants and related materials" (+28.5%) and “Food and live animals" (+4.7%).
4. Compared to the corresponding quarter of 2021, the index rose by 47.8%, mainly as a result of increases in the prices of “Mineral fuels, lubricants and related materials" (+104.1%), “Food and live animals" (+16.6%) and “Manufactured goods classified chiefly by material" (+25.2%).
Terms of Trade Index
5. The terms of trade index, i.e., the ratio of EPI to IPI, decreased by 11.5 points (-13.7%) from 84.1 in the first quarter of 2022 to 72.6 in the second quarter. Compared to 100.3 in the corresponding quarter of 2021, the terms of trade decreased by 27.7 points (-27.6%).
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26 September 2022
