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Export prices down in the fourth quarter
statistikk
2005-01-17T10:00:00.000Z
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, Q4 2004

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Export prices down in the fourth quarter

Export prices excluding ships and oil platforms decreased by 2 per cent in the fourth quarter of 2004 compared with the third quarter. The decrease is mainly due to lower fuel prices.

Price indices. 1. quarter 1998-4. quarter 2004. 1988=100

Volume indices adjusted for seasonality. 1. quarter 1998-4. quarter 2004. 1988=100

This is the strongest decrease in export prices recorded since the 7 per cent decrease in the second quarter of 2003. Prices of food decreased by 2.5 per cent, and prices are down for petroleum and petroleum products as well as electric current.

Compared with the fourth quarter in 2003 the upward trend in export prices excluding ships and oil platforms continued. As in the second and third quarter of 2004 prices increased sharply, up 18.6 per cent. This was mainly due to a 26 per cent rise in oil prices.

Weaker growth in import prices

From the fourth quarter of 2003 to the fourth quarter of 2004 import prices increased by 1.2 per cent. This is the weakest increase in prices since the second quarter of 2003. Whereas prices of crude materials such as metalliferous ores have increased, prices of manufactured goods, such as furniture and parts thereof, articles of apparel and clothing accessories and footwear have fallen.

Import prices decreased by 0.3 percent compared with the third quarter last year. This was mainly due to lower fuel prices. Prices of petroleum and petroleum products as well as electric current have fallen.

Higher imports of machinery

The import volume of traditional goods increased by 12.1 per cent in the fourth quarter of 2004 compared with the same quarter in 2003. Imports of manufactured goods were higher, up 14.1 per cent. Higher imports of organic chemicals, non-ferrous metals as well as telecom-apparatus, such as mobile phones, compensated for the downward trend in crude materials.

Seasonally adjusted figures show a modest decrease by 1.4 per cent compared with the third quarter last year. This is the first time since the second quarter of 2002 that the volume has decreased.

Compared with the same quarter in 2003 the export volume of traditional goods increased by 2.8 per cent. Exports are higher for iron and steel as well as non-ferrous metals. Adjusted for seasonality figures show higher export volume as well, up 1.4 per cent. Compared with the third quarter of 2004 this is a somewhat weaker decrease.

External trade in commodities excl. ships and oil platforms. Indices of price and volume. 4th quarter 2004
Commodity group1 Commodity SITC Volume Price
4th quarter 2004 4th quarter 2003 and 2004. Change in per cent 4th quarter 2004 4th quarter 2003 and 2004. Change in per cent
Imports          
Total 0-9  255.5 12.1 97.3 1.2
Of which          
Food, beverages and tobacco 0-1  216.1 7.7  128.3 1.3
Crude materials except fuels 2  259.8 -3.1 90.7 17.6
Fuels 3  118.6 9.8  191.0 1.2
Manufactured goods except food, beverages and tobacco 5-9  267.5 14.1 93.1 -0.1
           
Exports          
Total 0-9  255.1 -0.4  164.6 18.6
Of which          
Food, beverages and tobacco 0-1  341.8 -0.7 95.1 10.6
Crude materials except fuels 2  124.1 4.7  112.8 2.4
Fuels 3  281.4 -3.0  254.3 26.5
Manufactured goods except food, beverages and tobacco 5-9  243.0 5.6 96.9 5.6
Exports excl. crude oil and natural gas    243.9 2.8  109.8 9.7
1  Groups according to the Standard International Trade Classification (SITC-Rev. 3).