Export and Import Price Indices - 4th Quarter 2022
Highlights
Export Price Index (EPI)
1. EPI rose by 1.6% from 140.0 in the third quarter of 2022 to 142.2 in the fourth quarter, mainly due to increases in the prices of “Food and live animals" (+3.9%).
2. Compared to price levels in the corresponding quarter of 2021, the index increased by 6.7% which was mainly due to increases in the prices of “Food and live animals" (+8.6%), “Miscellaneous manufactured articles" (+5.5%) and “Chemicals and related products, n.e.s" (+9.5%).
Import Price Index (IPI)
3. IPI decreased by 8.1% from 182.3 in the third quarter of 2022 to 167.5 in the fourth quarter. That was mainly the effect of decreases in the prices of “Mineral fuels, lubricants and related materials" (-14.4%) and “Food and live animals" (-1.6%).
4. Compared to the corresponding quarter of 2021, the index rose by 18.1%, mainly as a result of increases in the prices of “Mineral fuels, lubricants and related materials" (+34.7%), “Food and live animals" (+12.8%), “Crude materials, inedible, except fuels" (+21.0%) and “Machinery and transport equipment" (+3.4%).
Terms of Trade Index
5. The terms of trade index, i.e., the ratio of EPI to IPI, increased by 8.1 points (+10.5%) from 76.8 in the third quarter of 2022 to 84.9 in the fourth quarter. Compared to 94.0 in the corresponding quarter of 2021, the terms of trade decreased by 9.1 points (-9.7%).
24 March 2023
