Foreign trade price indices are indicators describing price dynamics of exported and imported goods. These indices are used for calculating the Gross Domestic Product at constant prices, as well as for the purposes of economic analysis. As main data source of calculation is Foreign trade statistics data base of the CSB, title of indices published shows unit value name.

Definitions

Changes in the export/import unit value over the corresponding period of the previous year reflect changes in the unit value over the year.

Changes in the export/import unit value over the previous quarter show changes in the average unit value over the quarter.

The export/import unit value index (EUVI and IUVI) characterises changes in the price level of exported and imported goods within the reporting period against the base period. The unit value index is a "price" index that measures average value changes in a heterogeneous cluster of units. Therefore, it may be influenced by changes both in the composition of this cluster and in individual prices.

The average unit value is obtained by dividing the value of exported/imported goods in monetary terms with the respective amount of the goods (weight, volume etc).

Data availability

Dissemination format and release calendar

Annual data are published together with december data. Producer prices – annual data.

Press releases


Date Title
28.11.2017 Changes of construction costs in October 2017
21.12.2017 Producer price changes in industry in November 2017
29.12.2017 Changes of construction costs in November 2017
22.01.2018 Producer price changes in industry in December 2017
26.01.2018 Changes of construction costs in December 2017

Publications

Download CSB publications on various time periods (starting from 2007) in section E-publications and subscribe for paper publications in section Publications.

Data on price indices are published also in the monthly bulletins and statistical yearbooks.

Theme Title Release datesort icon ZIP/PDF
General Statistics Key socio-economic indicators in the Baltic states 23.01.2018
General Statistics Key socio-economic indicators in the Baltic states 27.12.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/10 23.11.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/09 23.10.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/08 25.09.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/07 23.08.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/06 24.07.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/05 26.06.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/04 23.05.2017
General Statistics Latvia. Statistics in brief, 2017 08.05.2017
General Statistics Key socio-economic indicators in the Baltic states 2017/03 24.04.2017
General Statistics Key socio-economic indicators in the Baltic states, 2017/02 23.03.2017
General Statistics Statistical yearbook of Latvia, 2016 24.02.2017
General Statistics Key socio-economic indicators in the Baltic states 23.02.2017
General Statistics Monthly bulletin of Latvian statistics 2016/12 08.02.2017

Customised data sets

If you would like to obtain statistical data that are not available in publications or in the CSB online data base, please send us an information request:
 - postal mail: 1 Lāčplēša Street, Riga, Latvia, LV-1301;
 - e-mail: info [at] csb [dot] gov [dot] lv;
 - visiting Information centre.

Read more

Additional information

Due to specifics of electronic data processing technologies slight discrepancies may occur in rounding adjustments between data published and calculations carried out by information users.

Data collection

Survey method and data source

For the calculation of export and import unit value indices the CSB Foreign trade statistical data base and the submitted statistical report forms on the prices of imported goods (1-ic, 2-ic) and corresponding industrial producer price indices of heterogeneous groups of export goods are used.

Target population

In order to calculate the EUVI and IUVI, foreign trade information on the previous year is analysed, selecting those codes of the Combined Nomenclature on the lowest 8-digit level where during a year the export value at FOB prices* or import volume at CIF prices** in the country altogether exceeds 0.01% of total export or import value and during the year export/import activities have been recorded for at least 8 months. Items with large fluctuations of the average monthly prices are not included in the sample.

Enterprises with the largest share (by value) in the respective CN code are involved into import prices survey. For further price collection enterprises select goods (item representatives) that are imported regularly and in large amounts.

* FOB price – price of a good, which is made up by value of a good, including costs of transportation and insurance to the border of export country.

** CIF price – price of a good, which is made up by value of a good, including costs of transportation and insurance to the border of import country.

Sample size

For the calculation of foreign trade price indices Foreign trade statistics database of the CSB is used.

In 2017, in total 1.4 thousand average unit values of CN codes were represented in prices selected. For the calculation of EUVI additionally 0.6 thousand CN codes are used for exported production of Industrial producer price index, but for the calculation of IUVI–approximately 1.6 thsd prices which are obtained by surveying 519 enterprises (286 enterprises submit form No. 1-IC, for others the foreign trade statistics database is used). The share of CN items included in the EUVI and IUVI samples comprised 80% of Latvian imports and exports values.

Statistical processing

Calculation methods

For the calculation of EUVI and IUVI a Laspeyres type formula is applied. Indices are calculated starting from the lowest level. As the weights the export/import volume in the terms of value of the previous year is used according to sections and divisions of the CPA (Statistical classification of products by activity). Prices of December of the previous year or average unit values are used as the basis for price comparison.

Base period

Index comparison (base) period is 2010 (2010=100).

Data revision

If upon using corrected, revised or delayed information in calculations significant (more than 0.1 percentage points) influence of corrections on the total unit value index within a year (over the corresponding month of the previous year) is found, the published EUVI and IUVI data for the previous period are corrected. Revised indices are published together with the data on the next reference period, indicating the correction.

Comparability

Comparability over time

Until 2014 EUVI and IUVI calculations were carried out according to CN classification. By CN comparable data on the EUVI are available since 1994 and on the IUVI – since 1998.

To ensure data comparability among countries and conformity to Council Regulation (EC) No 1165/98 (19 May 1998) on short-term statistics, in calculations of price indices since 2014 CN is replaced with Statistical classification of products by activity (CPA). Comparable data by CPA are available since 2011. Classification conversion tables can be found on the homepage of the Statistical Office of the European Union Eurostat/ ESS-MH/ RAMON: http://ec.europa.eu/eurostat/ramon/relations/index.cfm?TargetUrl=LST_LIN...

Due to different structure and coverage of CN and CPA classifications, slight discrepancies may occur in comparison of EUVI and IUVI general indices over base 2010=100.

International comparability

According to requirements set to countries of euro area, since 2014 IUVI must be calculated and sent to the Eurostat accordingly trade transactions with countries of euro area and non-euro area. This breakdown is applied to sections B, C, D of CPA and separate main groupings of manufacturing. To ensure data comparability among countries, IUVI coverage and level of detailed elaboration published by the Eurostat is narrower and differs from coverage of indices published in the CSB database. Eurostat data do not cover sections A and E of CPA. Due to differences in the number of decimals to be published, the data available in Eurosta and CSB databases may slightly differ due to rounding adjustments.

Statistics/ Industry, trade and services/ Short-term business statistics/ Database:

http://ec.europa.eu/eurostat/web/short-term-business-statistics/data/database

Confidentiality

Confidentiality of the information provided by respondents is protected by the Section 17 of the Statistics Law stipulating rights and obligations of the Central Statistical Bureau of Latvia and other state authorities producing official statistics. Read more

Contact person on methodology

Name Surname Phone number Position E-mail
Dzintra Junge +371 67366753 Senior Officer Dzintra [dot] Junge [at] csb [dot] gov [dot] lv

Last update

21.03.2017

Construction Cost Indices

Foreign Trade

Harmonised Consumer Price Index

House Price Index

Producer Price Indices in Industry

Services Producer Price Indices

 

Explanation of symbols

-

Magnitude zero

0

Less than half of the unit employed

...

Data not available or too uncertain for presentation

X

Figure not applicable because column heading and stub line make entry impossible, absurd or meaningless

.

Data not released for confidentiality reasons

If data are absolute numbers

0

Magnitude zero