Export and Import Price Indices - 3rd Quarter 2021Highlights
Export Price Index (EPI)
1. EPI rose by 5.0% from 125.2 in the second quarter of 2021 to 131.4 in the third quarter, mainly due to increases in the prices of “Miscellaneous manufactured articles" (+5.3%), “Food and live animals" (+4.6%) and “Manufactured goods classified chiefly by material" (+3.2%).
2. Compared to price levels in the corresponding quarter of 2020, the index increased by 10.1% which was mainly due to increases in the prices of “Miscellaneous manufactured articles" (+13.2%), “Food and live animals" (+6.4%) and “Manufactured goods classified chiefly by material" (+5.4%).
Import Price Index (IPI)
3. IPI increased by 8.3% from 116.7 in the second quarter of 2021 to 126.4 in the third quarter. That was mainly the effect of increases in the prices of “Mineral fuels, lubricants and related materials" (+14.4%), “Food and live animals" (+4.3%), “Manufactured goods classified chiefly by material" (+8.7%) and “Machinery and transport equipment" (+5.0%).
4. Compared to the corresponding quarter of 2020, the index rose by 23.6%, mainly as a result of increases in the prices of “Mineral fuels, lubricants and related materials" (+45.9%), “Food and live animals" (+11.6%), “Manufactured goods classified chiefly by material" (+24.2%) and “Machinery and transport equipment" (+8.5%).
Terms of Trade Index
5. The terms of trade index, i.e. the ratio of EPI to IPI, decreased by 3.3 points (-3.1%) from 107.3 in the second quarter of 2021 to 104.0 in the third quarter. Compared to 116.7 in the corresponding quarter of 2020, the terms of trade decreased by 12.7 points (-10.9%).
27 December 2021
