CBS: the terms of trade index in the third quarter of 2010 drop by 0.5%

Port2port News Service
Dec 13, 2010

The Central Bureau of Statistics published last week its terms of trade index noting that export prices point to a rise of 0.8% and import prices point to a rise of 1.3%

The Central Bureau of Statistics published last week its terms of trade index noting that: The terms of trade index (excluding ships, aircraft diamonds and fuels) drop by 0.5% Export prices (excluding aircraft and diamonds) point to a rise of 0.8% and import prices (excluding ships, aircraft, diamonds and fuels) point to a rise of 1.3%.

Export prices, in the third quarter of 2010, point to a drop of 1.2% after an increase of 0.7% in the second quarter of the year.

Price indices of manufacturing exports (excluding polished diamonds) point to a rise of 0.9% in July-September 2010, continuing a 1.2% increase in the second quarter of 2010. Price indices of agricultural exports point to a drop of 2.5% in the third quarter of 2010.

Breakdown of Price Indices of Manufacturing Exports, by Technological Intensity
Price indices of manufacturing exports in high technology industries point to a drop of 1.1% in July-September 2010, after a rise of 0.2% in April-June 2010.

Detailed data by industries reveal a decrease in price indices in exports of pharmaceutical products (-6.7%), as well as in the price index of electronical components exports of (-0.4%).

Price indices of manufacturing exports in medium-high technology industries (excluding pharmaceutical products) rose by 3.1% in July-September 2010, continuing an increase of 5.0% in the second quarter of the year.

Detailed data by industries indicate that price indices increased in exports of chemicals and refined petroleum, excluding pharmaceuticals, (3.1%).

Price indices of manufacturing exports in medium-low technology industries point to a rise of 2.0%, in the third quarter of 2010, after a drop of 1.8% in the second quarter of 2010. Detailed data by industries indicate that price indices an increase in exports of mining and quarrying exports (1.5%) and in exports of rubber and plastic products (2.0%).

The price indices of manufacturing exports in low technology industries point to a rise of 5.0% in July-September 2010, after a decrease of 0.2% in the second quarter of 2010. Detailed data by industries indicate that price indices increased in exports textiles, wearing apparel and leather (3.0%), and in exports of paper printing and paper products (18.2%).

Import prices point to a rise of 1.1 percent in the third quarter of 2010, continuing a drop of 0.3% in the second quarter of 2010.

Price indices of production inputs (excluding fuels) point to a rise of 1.0% in July-September 2010. Detailed data by commodity Groups indicate that price indices increased in most of the categories, in imports of inputs for paper industry (8.8%), in imports of wood and its products (4.5%), and in price of imports of precious metals (4.0%).

Price indices of Consumer goods rose by 1.8% in July-September 2010. Detailed data by commodity Groups indicate that price indices increased in imports of non-durable goods (2.1%) and in import price of durable goods rose by 1.3%.

Price indices of Investment goods point to a rise of 1.3 percent in July-September 2010. Detailed data by commodity Groups indicate that price indices of imports of machinery and equipment rose by 0.3% and in import price of transport equipment rose by 3.4%. Price indices of imported Fuels point to a drop of 1.2% in the third quarter of 2010.