Export and Import Price I​ndices - 4^th Quarter 2025

Highlights​

(Base Year: 2023 = 100)

Export Price Index (EPI)

1.      EPI fell by 0.1% from 105.2 in the third quarter of 2025 to 105.1 in the fourth quarter of 2025, mainly due to decreases in the prices of “Food and live animals" (-0.8%), partly mitigated by increases in the prices of “Miscellaneous manufactured articles" (+0.5%) and “Manufactured goods classified chiefly by material" (+1.5%).

2.      Compared to a figure of 103.2 in the corresponding quarter of 2024, the index increased by 1.8% to reach 105.1 in the fourth quarter of 2025, mainly due to increases in the prices of “Food and live animals" (+2.1%) and, “Miscellaneous manufactured articles" (+2.4%).

Import Price Index (IPI)

3.      IPI stood at 97.7 during the fourth quarter of 2025, unchanged when compared to the third quarter of 2025, due to increases in the prices of “Manufactured goods classified chiefly by material" (+1.8%), fully offset by decreases in the prices of “Mineral fuels, lubricants and related materials" (-1.2%).

4.      Compared to a figure of 98.4 in the corresponding quarter of 2024, the index fell by 0.7% to reach 97.7 in the fourth quarter of 2025, mainly due to decreases in the prices of “Mineral fuels, lubricants and related materials" (-5.4%), partly mitigated by increases in the prices of “Chemicals and related products, n.e.s" (+4.3%).

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Terms of Trade Index

5.      The terms of trade index, i.e., the ratio of EPI to IPI, decreased by 0.1 point (-0.1%) from 107.7 in the third quarter of 2025 to 107.6 in the fourth quarter of 2025. Compared to a figure of 104.9 in the corresponding quarter of 2024, the terms of trade index increased by 2.7 points (+2.6%).

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