On changes in the unit values of foreign trade in 2007

26.02.2008

Compared to 2006, the unit value (UV) for exported goods in 2007 increased on average by 13.3% and the unit value for imported goods rose by 5.7%, according to Central Statistical Bureau.

Compared to the 4th quarter of 2006, in the same period of 2007 the UV increases were 9.7% for exported goods and 6.0% for imported goods. However, compared to the previous 3rd quarter, the unit value increases were 1.5% for exported goods and 1.8% for imported goods.

Changes of unit value of foreign trade in 2007 by quarters
(in per cent)

Unit value changes compared to

corresponding period of previous year

previous period

exports

imports

exports

imports

2007 I - IV

13.3

5.7

13.3

5.7

I

15.2

6.6

2.5

0.4

II

15.3

5.9

3.1

2.5

III

13.5

4.5

2.3

1.2

IV

9.7

6.0

1.5

1.8

Export unit value indices of the previous year and changes in the unit value
by main commodity groups in the 4th quarter of 2007
(in per cent)

Weights
2005

Unit value index
2007 (2005=100)

Unit value changes 4th quarter 2007 compared to

3rd quarter 2007

4th quarter 2006

Total exports

100.0

124.3

1.5

9.7

Prepared foodstuffs; (including beverages and tobacco)

6.9

111.4

5.7

2.9

Mineral products

9.2

124.3

6.1

16.5

Products of the chemical and allied industries

5.5

114.8

3.7

2.7

Wood and articles of wood

24.8

137.6

-2.0

21.1

Textiles and textile articles

8.7

107.4

1.4

3.7

Base metals and articles of base metals

13.1

137.1

-7.6

-3.3

Machinery and mechanical appliances; electrical equipment

9.4

104.1

0.2

-2.5

Transport vehicles

4.0

109.9

2.4

-6.6

Miscellaneous manufactured articles

4.4

124.2

12.2

18.1

Compared to the 3rd quarter, the average level of export unit value in the 4th quarter of 2007 was mostly raised by the following UV increases: 0.6 percentage points for mineral products, 0.5 percentage points for miscellaneous manufactured articles (mostly for furniture), 0.3 percentage points for prepared foodstuffs, 0.2 percentage points for products of the chemical and allied industries. The decreases of UV for base metals and articles of base metals lowered the average UV level of exported goods by 1.1 percentage point, for wood and articles of wood – by 0.6 percentage points.

Import unit value indices of 2007 and changes in the unit value
by main commodity groups in the 4th quarter of 2007
(in per cent)

Weights
2005

Unit value index 2007
(2005=100)

Unit value changes 4th quarter 2007 compared to

3rd quarter 2007

4th quarter 2006

Total imports

100.0

115.6

1.8

6.0

Vegetable products

2.7

125.8

0.7

11.0

Prepared foodstuffs; (including beverages and tobacco)

6.0

112.9

5.6

10.5

Mineral products

15.4

129.2

2.8

19.3

Products of the chemical and allied industries

8.3

116.3

0.4

9.5

Plastics and articles thereof

5.1

107.9

0.6

-0.9

Wood and articles of wood

2.9

128.5

11.5

24.7

Pulp of wood; paper and paperboard

2.9

114.8

-1.5

4.7

Textiles and textile articles

5.1

107.6

1.4

-2.4

Articles of stone, plaster, cement, glassware and ceramic

2.6

120.3

2.0

9.5

Base metals and articles of base metals

9.2

116.5

-1.3

2.3

Machinery and mechanical appliances; electrical equipment

20.0

107.8

0.8

-3.9

Transport vehicles

10.8

113.2

2.5

4.9

Miscellaneous manufactured articles

3.0

111.8

4.6

2.5

Compared to the previous quarter, the average level of import unit value in the 4th quarter of 2007 was mostly raised by the UV increases for mineral products (by 0.5 percentage points), for wood and articles of wood (by 0.4 percentage points), for prepared foodstuffs as well as for transport vehicles (by 0.3 percentage points) and for machinery, mechanical appliances and electrical equipment (by 0.2 percentage points). Over the same period the lowering effect (by 0.1 percentage point) was due to a fall in the UV of base metals and articles of base metals.

Prepared by Price Statistics Department
Producer Price Indices Section
tel.67366813
Aleksandrs Gržibovskis