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16238
Import prices still low
statistikk
2002-05-15T10:00:00.000Z
External economy;External economy
en
uhvp, External trade in goods, indices of volume and price, import, export, price trends, volume development, product groups (for example food, raw materials, fuel), areas of application (for example energy goods, building materials, consumables)Balance of payments, External trade , External economy
false

External trade in goods, indices of volume and price, Q1 2002

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Import prices still low

The decrease in the import price index of traditional goods shows that import prices are still low. The decrease amounts to 8 per cent compared with the corresponding quarter last year. Export prices are falling as well.

External trade in commodities excl. ships and oil platforms. Indices of price and volume. 1st quarter 2002 (Corrected 22.05.2002)
Commodity group1 Commodity SITC Volume Price
1st quarter 2002 1st quarter 2001 and 2002. Change in per cent 1st quarter 2002 1st quarter 2001 and 2002. Change in per cent
Imports          
Total 0 - 9 186,2 -1,6 103,6 -7,7
Of which:          
Food, beverages and tobacco 0 - 1 185,7 2,9 128,5 0,5
Crude materials except fuels 2 194,7 4,9 83,0 -20,3
Fuels 3 122,4 3,6 128,8 -33,0
Manufactured goods except food, beverages and tobacco 5 - 9 189,6 -2,9 102,7 -5,7
           
Exports          
Total 0 - 9 240,6 1,4 142,0 -13,3
Of which:          
Food, beverages and tobacco 0 - 1 272,1 -6,4 96,9 -6,0
Crude materials except fuels 2 119,8 1,4 115,0 -7,9
Fuels 3 288,2 4,8 197,5 -16,2
Manufactured goods except food, beverages and tobacco 5 - 9 200,4 -4,0 99,5 -9,2
Exports excl. crude oil and natural gas   203,3 -3,5 106,2 -8,4
1  Groups according to the Standard International Trade Classification (SITC-Rev. 3).

The lower price level of imports of traditional goods is related to lower prices of some mineral fuels, crude materials and manufactured goods. This is mainly due to lower prices on mineral oil, -37.3 per cent, electric current, -18.8 per cent, cork and wood, -14.9 per cent, metalliferrous ores and metal scrap, -30.2 per cent and articles of apparel and clothing accessories, -3.7 per cent.

Compared with the fourth quarter in 2001 the import price index for goods excluding ships and oil platforms has decreased by 3.5 per cent. This decrease can be related to lower prices on mineral oil, -37.3 per cent, meat, -10.4 per cent and footwear, -15.1 per cent.

Higher import volumes

Adjusted for seasonality the import volume of traditional goods showed an increase of 2.7 (corrected 16.05. 2002) per cent from the fourth quarter of 2001. This increase is due to higher imports of dairy products and birds' eggs, 49.3 per cent, fertilizers, 30.6 per cent, and fish, 16.2 per cent.

Compared with the corresponding quarter of 2001 the import volume index has decreased by 1.3 per cent. This is related to lower imports of manufactured goods such as road vehicles, - 13.3 per cent, and electrical machinery, - 10.8 per cent.

Exports: Higher prices on raw materials and mineral fuels

The level of the export prices for goods excluding ships and oil platforms shows an increase of 1.8 per cent after a considerable decrease of 12.3 per cent in the fourth quarter of 2001. This increase is mainly due to higher prices of crude fertilizers and crude minerals, 9.8 per cent, as well as metalliferrous ores and metal scrap, 26.1 per cent, dairy products and birds' eggs, 15 per cent. Prices of mineral oil and gas are also higher. Prices of electric current, however, are lower, -12.5 percent.