Export and Import Price Indices - 3rd Quarter 2022
Highlights
Export Price Index (EPI)
1. EPI rose by 3.2% from 135.7 in the second quarter of 2022 to 140.0 in the third quarter, mainly due to increases in the prices of “Food and live animals" (+6.8%) and “Miscellaneous manufactured articles" (+1.3%).
2. Compared to price levels in the corresponding quarter of 2021, the index increased by 5.7% which was mainly due to increases in the prices of “Miscellaneous manufactured articles" (+7.0%), “Food and live animals" (+4.2%) and “Manufactured goods classified chiefly by material" (+6.6%).
Import Price Index (IPI)
3. IPI decreased by 2.3% from 186.6 in the second quarter of 2022 to 182.4 in the third quarter. That was mainly the effect of decreases in the prices of “Mineral fuels, lubricants and related materials" (-5.1%) and “Manufactured goods classified chiefly by material" (-3.9%), partly mitigated by increases in the prices of “Food and live animals" (+1.3%), “Machinery and transport equipment" (+1.5%) and “Animal and vegetable oils, fats and waxes" (+7.6%).
4. Compared to the corresponding quarter of 2021, the index rose by 33.0%, mainly as a result of increases in the prices of “Mineral fuels, lubricants and related materials" (+72.0%), “Food and live animals" (+11.9%) and “Manufactured goods classified chiefly by material" (+8.5%).
Terms of Trade Index
5. The terms of trade index, i.e., the ratio of EPI to IPI, increased by 4.1 points (+5.6%) from 72.7 in the second quarter of 2022 to 76.8 in the third quarter. Compared to 96.6 in the corresponding quarter of 2021, the terms of trade decreased by 19.8 points (-20.5%).
27 December 2022
