Export and Import Price Indices - 2nd Quarter 2021Highlights
Export Price Index (EPI)
1. EPI rose by 1.5% from 123.3 in the first quarter of 2021 to 125.2 in the second quarter, mainly due to increases in the prices of “Food and live animals" (+2.3%) and “Miscellaneous manufactured articles" (+1.1%).
2. Compared to price levels in the corresponding quarter of 2020, the index increased by 7.1%. That was mainly due to increases in the prices of “Miscellaneous manufactured articles" (+6.4%) and “Food and live animals" (+8.4%).
Import Price Index (IPI)
3. IPI increased by 9.5% from 106.4 in the first quarter of 2021 to 116.5 in the second quarter. That was mainly the effect of increases in the prices of “Mineral fuels, lubricants and related materials" (+12.7%), “Food and live animals" (+11.2%) and “Manufactured goods classified chiefly by material" (+5.6%).
4. Compared to the corresponding quarter of 2020, the index rose by 14.6%, mainly as a result of increases in the prices of “Mineral fuels, lubricants and related materials" (+19.2%), “Food and live animals" (+13.4%), “Manufactured goods classified chiefly by material" (+13.7%) and “Chemical materials & related products, n.e.s." (+11.9%).
Terms of Trade Index
5. The terms of trade index, i.e. the ratio of EPI to IPI, decreased by 8.4 points (-7.2%) from 115.9 in the first quarter of 2021 to 107.5 in the second quarter. Compared to 114.9 in the corresponding quarter of 2020, the terms of trade decreased by 7.4 points (-6.4%).
24 September 2021
