Changes in the unit values of foreign trade in the 2nd quarter of 2007

24.08.2007

Compared to corresponding quarter of 2006, the unit value (UV) for exported goods in the 2nd quarter of 2007 increased on average by 15.3% and the unit value for imported goods rose by 5.9%, according to Central Statistical Bureau. Compared to the previous quarter, the UV increases were 3.1% for exported goods and 2.5% for imported goods.

Export unit value indices and changes in the unit value
by main commodity groups in the 2nd quarter of 2007:

(in per cent)

Weights
2005

Unit value index 2nd quarter 2007
(2005=100)

Unit value changes
2nd quarter 2007 compared to

2nd quarter
2006

1st quarter
2007

Total exports

100.0

123.3

15.3

3.1

Prepared foodstuffs (incl.  beverages and tobacco products)

6.9

111.4

10.6

0.7

Mineral products

9.2

123.4

2.0

13.7

Products of the chemical and allied industries

5.5

111.7

2.9

-3.6

Wood and articles of wood

24.8

134.7

35.8

5.0

Textiles and textile articles

8.7

104.0

3.8

-4.0

Base metals and articles of base metals

13.1

147.9

23.6

12.0

Machinery and mechanical appliances; electrical equipment

9.4

103.4

-1.3

-3.5

Transport vehicles

4.0

104.4

-9.4

-13.9

Miscellaneous manufactured articles

4.4

116.6

6.0

-5.1

Compared to the 1st quarter, the average level of export unit value in the 2nd quarter of 2007 was raised mostly by the UV increase of 1.7 percentage points for base metals and articles of base metals. The average UV level for exported goods was raised by the UV increases of 1.3 percentage points for wood and articles of wood and of 1.1 percentage point for mineral products. Over the same period the greatest lowering effect (by 0.6 percentage points) has been due to a fall in the UV of transport vehicles. The decreases of UV for textiles and textile articles as well as for machinery, mechanical appliances and electrical equipment lowered the average UV level of exported goods by 0.3 percentage points.

Import unit value indices and changes in the unit value
by main commodity groups in the 2nd quarter of 2007:

(in per cent)

Weights
2005

Unit value index 2nd quarter 2007
(2005=100)

Unit value changes

2nd quarter 2007 compared to

2nd quarter
2006

1st quarter
2007

Total imports

100.0

115.1

5.9

2.5

Vegetable products

2.7

125.7

7.1

3.1

Prepared foodstuffs (incl.  beverages and tobacco products)

6.0

111.4

8.6

3.2

Mineral products

15.4

124.1

-3.4

3.7

Products of the chemical and allied industries

8.3

114.9

9.6

-1.3

Plastics and articles thereof

5.1

106.1

5.9

-0.3

Wood and articles of wood

2.9

122.3

20.8

2.4

Pulp of wood; paper and paperboard

2.9

110.3

3.5

-3.3

Textiles and textile articles

5.1

104.9

4.8

-4.4

Articles of stone, plaster, cement, glassware and ceramic products

2.6

120.9

13.9

4.8

Base metals and articles of base metals

9.2

116.9

12.7

4.7

Machinery and mechanical appliances; electrical equipment

20.0

113.1

3.7

6.3

Transport vehicles

10.8

113.7

10.6

0.4

Miscellaneous manufactured articles

3.0

115.0

8.1

7.7

Compared to the previous quarter, the average level of import unit value in the 2nd quarter this year was raised mostly by the UV increases for machinery, mechanical appliances and electrical equipment as well as for mineral products (by 1.2 and 0.6 percentage points, respectively). The overall UV level of imported goods was raised by the following UV increases: 0.4 percentage points for base metals and articles of base metals and by 0.2 percentage points for prepared foodstuffs as well as for miscellaneous manufactured articles. Over the same period the greatest lowering effect (by 0.2 percentage points) was due to a fall in the UV of textiles and textile articles.

Prepared by the Consumer Price Indices Section
tel.67366813
Aleksandrs Gržibovskis