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Export prices still falling
statistikk
2002-01-15T10:00:00.000Z
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, Q4 2001

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Export prices still falling

The export price index for goods excluding ships and oil platforms was 20.7 per cent lower in the fourth quarter of 2001 than in the corresponding quarter of 2000. This is mainly due to lower prices of some mineral fuels, crude materials and manufactured goods.

The development in prices of mineral fuels has varied since the late 2000 and was at its lowest in the fourth quarter of 2001, a decrease of 28.3 per cent. Concerning crude materials the prices have decreased steadily. With the exception of a minor increase in the first quarter of 2001 this is also true for manufactured goods. Prices for mineral oil and non-ferrous metals are especially lower, down 37.5 and 18.4 per cent respectively. The export price level of traditional goods has decreased by 7.6 per cent.

Compared with the third quarter in 2001 the export price index for goods excluding ships and oil platforms has decreased by 11.6 per cent. This is again mainly due to lower prices on mineral oil, metalliferous ores and non-ferrous metals.

External trade in commodities excl. ships and oil platforms. Indices of price and volume. 4th quarter 2001
Commodity group1 Commodity SITC Volume Price
4th quarter 2001 4th quarter 2000 and 2001. Change in per cent 4th quarter 2001 4th quarter 2000 and 2001. Change in per cent
Imports          
Total 0 - 9 201,7 -2,9 105,4 -4,3
Of which:          
Food, beverages and tobacco 0 - 1 192,5 5,7 128,5 0,0
Crude materials except fuels 2 210,0 23,4 848,0 -25,0
Fuels 3 121,5 -11,4 155,4 -19,2
Manufactured goods except food, beverages and tobacco 5 - 9 207,1 -5,1 103,7 -1,8
           
Exports          
Total 0 - 9 251,6 5,6 141,0 -20,7
Of which:          
Food, beverages and tobacco 0 - 1 319,6 -7,0 102,0 1,1
Crude materials except fuels 2 123,4 20,0 108,3 -8,5
Fuels 3 300,9 8,9 193,7 -28,3
Manufactured goods except food, beverages and tobacco 5 - 9 204,0 2,0 100,5 -7,5
Exports excl. crude oil and natural gas   208,8 -1,9 109,4 -7,7
1  Groups according to the Standard International Trade Classification (SITC-Rev. 3).

Export volume up

Adjusted for seasonality there was an increase in the export volume of traditional goods of 1.0 per cent from the third quarter of 2001. This increase is due higher exports of food like fish, as well as crude materials like cork and wood, pulp and waste paper and metalliferous ores.

Compared with the corresponding quarter in 2000 the volume index for exports of tradistional goods has decreased by 1.9 per cent. This decrease can be related to lower export of fish, 7.7 per cent, as well as iron and steel, 14.8 per cent.

Lower import prices of mineral oil and crude materials

The import price index of traditional goods decreased by 2 per cent compared with the third quarter of 2001, the main factor being lower prices of mineral oil.

As for the export price index of traditional goods the import prices of traditional goods show a decrease compared with the same quarter in 2000. The decrease of 4.3 per cent is mainly due to lower prices of mineral oil, 17.2 per cent, paper, 33 per cent, cork and wood, 11 per cent, and metalliferous ores, 44.1 per cent.

Compared with the fourth quarter of 2000 the import volume index of traditional goods shows a decrease of 2.9 per cent. Much of this decrease is caused by lower imports of mineral fuels and manufactured goods like paper, iron, steel and non-ferrous metals. Adjusted for seasonality the volume figures show that the situation is almost unchanged with a modest decrease by 0.2 per cent.

Yearly development

The level of export prices for goods excluding ships and oil platforms was 6 per cent lower in 2000 than in 2001, the main factor being lower prices of mineral oil, 13.6 per cent. The decrease is also caused by lower prices of dairy products and birds' eggs, fish as well as non-ferrous metals.