Export and Import Price Indices - 4th Quarter 2024
Highlights
Export Price Index (EPI)
1. EPI fell by 0.2% from 165.1 in the third quarter of 2024 to 164.7 in the fourth quarter of 2024, mainly due to decreases in the prices of “Food and live animals" (-1.2%), partly mitigated by increases in the prices of “Miscellaneous manufactured articles" (+0.6%).
2. Compared to price levels in the corresponding quarter of 2023, the index increased by 6.5%, mainly due to increases in the prices of “Miscellaneous manufactured articles" (+10.2%), “Food and live animals" (+2.9%) and, “Manufactured goods classified chiefly by material" (+4.3%).
Import Price Index (IPI)
3. IPI decreased by 1.5% from 163.1 in the third quarter of 2024 to 160.7 in the fourth quarter of 2024. That was mainly the effect of decreases in the prices of “Mineral fuels, lubricants and related materials" (-2.7%) and, “Beverages and Tobacco" (-10.0%).
4. Compared to the corresponding quarter of 2023, the index rose by 2.4%, mainly as a result of increases in the prices of “Machinery and transport equipment" (+6.7%), “Manufactured goods classified chiefly by material" (+7.8%), “Chemicals and related products, n.e.s" (+6.8%), “Food and live animals" (+1.9%) and, “Miscellaneous manufactured articles" (+13.3%).
Terms of Trade Index
5. The terms of trade index, i.e., the ratio of EPI to IPI, increased by 1.3 points (+1.3%) from 101.2 in the third quarter of 2024 to 102.5 in the fourth quarter of 2024. Compared to 98.5 in the corresponding quarter of 2023, the terms of trade index increased by 4.0 points (+4.1%).
25 March 2025
