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Export prices still increasing
statistikk
2004-07-15T10:00:00.000Z
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, Q2 2004

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Export prices still increasing

Export prices exclusive ships and oil platforms increased by 16.5 per cent in the second quarter of 2004 compared with the corresponding quarter of 2003. Prices have not been higher since the first quarter of 2003. The increase is mainly due to higher fuel prices. Imports of traditional goods increased by 11.4 per cent.

Higher export prices of fuels, up 24.2 per cent, is mainly due to higher prices of petroleum and petroleum products, up 30 per cent, and electric current, up 18 per cent. Export prices for traditional goods also showed an increase in the period, up 6 per cent. Prices are up for dairy products and eggs, 19 per cent, as well as metalliferous ores, 15 per cent.

Price indices. 1. quarter 1998-2. quarter 2004. 1988=100

Volume indices adjusted for seasonality. 1. quarter 1998-2. quarter 2004. 1988=100

Compared with the previous quarter export prices of goods excluding ships and oil platforms increased by 3.9 per cent. This is mainly due to higher prices of dairy products and eggs as well as petroleum and petroleum products, both up 11 per cent. From the first quarter of 2004 prices of traditional goods, such as iron and steel and machinery specialized for particular industries, increased by 1.2 per cent.

The import volume of traditional goods increased by 11.4 per cent in the second quarter of 2004 compared with the corresponding quarter last year. Imports of fuels and manufactured goods increased the most, up 12.3 per cent and 12.4 per cent respectively. As in the previous quarter seasonally adjusted figures showed a considerable increase compared with the previous quarter, up 4.3 per cent.

Moderate increase in exports

Exports of traditional goods increased by 0.6 per cent from the second quarter of 2003 to the second quarter of 2004. Higher exports of crude materials such as crude fertilizers and crude minerals and manufactured goods - such as pulp and waste paper and iron and steel - compensated for the downward trend in food, beverages and tobacco. Exports of fish and preparations thereof as well as feeding stuff for animals were lower. Figures adjusted for seasonality decreased for the first time since the fourth quarter of 2002, down 1.1 per cent.

Import prices

Import prices of traditional goods are still low, but compared with the second quarter of 2003 prices increased by 4.9 per cent. The growth is mainly due to higher prices of crude materials such as metalliferous ores, up 19.3 per cent, and fuels such as petroleum and petroleum products, up 19.4 per cent.

External trade in commodities excl. ships and oil platforms. Indices of price and volume. 2nd quarter 2004
Commodity group1 Commodity SITC Volume Price
2nd quarter 2004 2nd quarter 2003 and 2004.
Change in per cent 		2nd quarter 2004 2nd quarter 2003 and 2004.
Change in per cent
Imports          
Total 0-9  239.1 11.4 96.8 4.9
Of which          
Food, beverages and tobacco 0-1  191.3 5.1  126.7 3.8
Crude materials except fuels 2  273.6 5.3 87,3 19,3
Fuels 3  142.5 12.3  208.9 19.4
Manufactured goods except food, beverages and tobacco 5-9  246.4 12.4 92.3 2.9
           
Exports          
Total 0-9  244.4 0.0  152.9 16.5
Of which          
Food, beverages and tobacco 0-1  237.0 -6.8 90.3 5.4
Crude materials except fuels 2  123.2 6.2  109.9 4.8
Fuels 3  274.1 -2.3  230.3 24.2
Manufactured goods except food, beverages and tobacco 5-9  239.3 5.7 94.1 4.7
Exports excl. crude oil and natural gas    223.4 0.6  104.3 6.0
1  Groups according to the Standard International Trade Classification (SITC-Rev. 3).