FIRST RELEASE

CROATIAN BUREAU OF STATISTICS
10000 ZAGREB, ILICA 3, PHONE: +385 1 4806-111, P.O.B. 80, CROATIA

ISSN 1334-0565

 

YEAR: XLVI.

ZAGREB, 3 SEPTEMBER, 2009

NUMBER: 4.2.3/2.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

 

EXPORT AND IMPORT PRICE INDICES OF THE REPUBLIC OF CROATIA

Second quarter of 20091)

 

In the second quarter of 2009, as compared to the 2008 annual average, according to the SITC sections, the increase in export prices, expressed in kuna, was recorded in the following sections: Machinery and transport equipment (9.8%), Beverages and tobacco (4.8%), Miscellaneous manufactured articles (2.9%) and Food and live animals (0.8%).

 

The increase in import prices was recorded only in the section Food and live animals (4.2%).

 

In the second quarter of 2009, as compared to the 2008 annual average, according to the SITC sections, the decrease in export prices, expressed in kuna, was recorded in the following sections: Mineral fuels and lubricants (-31.6%), Animal and vegetable oils and fats (-22.3%), Crude materials, except fuels (-18.6%), Chemical products (-13.0%) and Manufactures classified by material (-6.4%).

 

The decrease in import prices was recorded in the sections Mineral fuels and lubricants (-34.8%), Animal and vegetable oils and fats (-21.4%), Crude materials, except fuels (-15.1%), Manufactures classified by material (-13.7%), Miscellaneous manufactured articles (-5.4%), Machinery and transport equipment (-4.9%), Chemical products (-3.9%) and Beverages and tobacco (-0.6%).

 

 

1.   EXPORT AND IMPORT PRICE INDICES, ACCORDING TO NKD 2007.

 

 

 

IV. – VI. 2009.
Ø 2008.

 

 

 

Exports

Imports

 

 

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

 

 

 

 

Total

95,8

87,2

94,1

89,1

81,1

87,5

 

 

 

 

 

 

 

 

 

 A

 

Agriculture, forestry and fishing

96,1

89,0

93,9

109,5

105,6

107,5

 

 

 

 

 

 

 

 

 

 B

 

Mining and quarrying

87,7

82,2

85,8

65,4

58,4

64,2

 

 

 

 

 

 

 

 

 

 C

 

Manufacturing

97,0

88,2

95,3

92,1

83,8

90,4

 

10

Manufacture of food products

99,3

90,1

97,4

98,9

90,4

97,0

 

11

Manufacture of beverages

95,7

86,8

94,6

99,6

90,4

97,8

 

12

Manufacture of tobacco products

124,3

111,4

121,8

88,1

85,2

86,6

 

13

Manufacture of textiles

104,6

96,6

102,6

91,2

83,0

89,5

 

14

Manufacture of wearing apparel

102,7

93,3

100,8

98,3

88,3

96,3

 

1)    Provisional data

 

 

1.   EXPORT AND IMPORT PRICE INDICES, ACCORDING TO NKD 2007.

 (continued)

 

 

 

IV. – VI. 2009.
Ø 2008.

 

 

 

Exports

Imports

 

 

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

 

 

 

15

Manufacture of leather and related products

107,5

97,6

105,6

93,0

83,5

91,1

 

16

Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

100,0

90,5

98,1

99,0

90,3

97,2


 

17

Manufacture of paper and paper products

88,3

80,3

86,9

100,3

91,1

98,3

 

18

Printing and reproduction of recorded media

90,6

80,4

88,9

46,4

42,2

45,6

 

19

Manufacture of coke and refined petroleum products

63,0

56,5

61,9

65,3

61,4

64,2

 

20

Manufacture of chemicals and chemical products

81,2

73,3

79,7

89,8

81,0

88,2

 

21

Manufacture of basic pharmaceutical products and pharmaceutical preparations

96,5

89,6

94,6

108,2

97,1

105,9

 

22

Manufacture of rubber and plastic products

101,1

91,8

99,3

93,3

84,6

91,5

 

23

Manufacture of other non-metallic mineral products

103,4

93,5

101,3

93,9

85,8

92,2

 

24

Manufacture of basic metals

78,8

71,4

77,2

74,6

69,1

73,3

 

25

Manufacture of fabricated metal products, except machinery and equipment

96,5

87,4

94,6

88,4

80,4

86,8

 

26

Manufacture of computer, electronic and optical products

125,4

112,4

124,4

107,2

97,7

105,1

 

27

Manufacture of electrical equipment

101,5

93,2

100,5

93,0

84,7

91,2

 

28

Manufacture of machinery and equipment n.e.c.

117,4

106,7

115,4

88,6

81,0

87,0

 

29

Manufacture of motor vehicles, trailers and semi-trailers

102,6

93,9

100,7

97,1

87,2

95,3

 

30

Manufacture of other transport equipment

111,9

103,7

109,7

99,9

90,3

99,0

 

31

Manufacture of furniture

95,8

87,0

94,1

100,6

91,0

98,7

 

32

Other manufacturing

99,2

89,0

97,6

89,8

81,8

88,0

 

 

2.   EXPORT AND IMPORT PRICE INDICES, ACCORDING TO SECTIONS OF SITC, Rev. 4

 

IV. – VI. 2009.
Ø 2008.

 

Exports

Imports

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

0   Food and live animals

100,8

92,0

98,9

104,2

96,1

102,2

1   Beverages and tobacco

104,8

94,6

103,2

99,4

91,5

97,5

2     Crude materials, except fuels

81,4

75,2

79,9

84,9

77,1

83,7

3   Mineral fuels and lubricants

68,4

61,1

67,1

65,2

59,0

64,0

4   Animal and vegetable oils and fats

77,7

72,1

76,0

78,6

71,8

76,9

5   Chemical products

87,0

79,1

85,4

96,1

86,7

94,3

6   Manufactures classified by material

93,6

85,1

91,8

86,3

79,0

84,7

7   Machinery and transport equipment

109,8

100,0

108,3

95,1

86,4

93,3

8   Miscellaneous manufactured articles

102,9

93,5

101,0

94,6

86,0

92,8

 


3.   EXPORT AND IMPORT PRICE INDICES, ACCORDING TO NKD 2007.

 

 

 

I. – VI. 2009.
Ø 2008.

 

 

 

Exports

Imports

 

 

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

 

 

 

 

Total

98,5

87,8

96,8

94,2

83,2

92,1

 

 

 

 

 

 

 

 

 

 A

 

Agriculture, forestry and fishing

106,1

97,2

103,4

109,4

102,8

107,1

 

 

 

 

 

 

 

 

 

 B

 

Mining and quarrying

100,4

92,2

98,2

65,5

56,9

63,9

 

 

 

 

 

 

 

 

 

 C

 

Manufacturing

99,3

88,4

97,6

98,2

86,8

96,1

 

10

Manufacture of food products

100,9

89,6

98,8

101,7

90,5

99,4

 

11

Manufacture of beverages

96,5

85,5

94,7

99,6

88,6

97,6

 

12

Manufacture of tobacco products

129,9

114,5

125,9

87,9

78,1

86,0

 

13

Manufacture of textiles

105,7

94,4

103,2

95,3

84,5

93,3

 

14

Manufacture of wearing apparel

105,3

93,3

103,0

105,8

92,4

103,3

 

15

Manufacture of leather and related products

109,4

96,9

107,0

98,2

86,0

95,9

 

16

Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

103,6

91,8

101,4

104,4

92,9

102,1


 

17

Manufacture of paper and paper products

92,7

81,8

90,6

104,1

92,3

101,9

 

18

Printing and reproduction of recorded media

92,7

81,5

90,7

56,4

49,9

55,1

 

19

Manufacture of coke and refined petroleum products

58,7

50,8

57,3

75,7

66,8

74,1

 

20

Manufacture of chemicals and chemical products

81,8

72,0

80,0

95,5

84,2

93,6

 

21

Manufacture of basic pharmaceutical products and pharmaceutical preparations

99,6

89,4

97,4

107,5

94,4

105,0

 

22

Manufacture of rubber and plastic products

101,4

89,7

99,1

98,1

86,8

95,8

 

23

Manufacture of other non-metallic mineral products

106,2

94,2

103,8

97,7

87,2

95,6

 

24

Manufacture of basic metals

86,4

76,2

84,4

80,9

72,5

78,9

 

25

Manufacture of fabricated metal products, except machinery and equipment

101,7

89,5

99,3

94,0

83,4

92,1

 

26

Manufacture of computer, electronic and optical products

118,9

108,7

117,4

110,9

98,2

108,4

 

27

Manufacture of electrical equipment

107,3

95,3

105,0

100,8

88,9

98,5

 

28

Manufacture of machinery and equipment n.e.c.

122,2

108,7

119,5

96,7

85,1

94,5

 

29

Manufacture of motor vehicles, trailers and semi-trailers

113,2

99,7

110,6

100,1

87,9

97,9

 

30

Manufacture of other transport equipment

117,3

109,2

119,1

124,9

109,2

122,2

 

31

Manufacture of furniture

93,9

83,3

92,1

98,3

86,8

96,2

 

32

Other manufacturing

102,8

91,2

100,9

97,0

86,2

94,9

 


4.   EXPORT AND IMPORT PRICE INDICES, ACCORDING TO SECTIONS OF SITC, Rev. 4

 

I. – VI. 2009.
Ø 2008.

 

Exports

Imports

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

0   Food and live animals

104,7

93,8

102,4

105,5

95,5

103,2

1   Beverages and tobacco

110,1

97,4

107,5

97,2

87,1

95,1

3     Crude materials, except fuels

84,1

76,6

82,4

103,0

90,4

100,5

3   Mineral fuels and lubricants

67,4

58,2

65,9

67,3

58,8

65,8

4   Animal and vegetable oils and fats

80,4

72,8

78,3

79,9

70,9

77,9

5   Chemical products

88,8

78,6

86,9

98,3

86,5

96,4

6   Manufactures classified by material

97,6

86,6

95,4

91,3

81,3

89,3

7   Machinery and transport equipment

114,7

102,3

112,5

101,5

89,4

99,3

8   Miscellaneous manufactured articles

104,0

92,5

101,8

100,9

88,7

98,6

 

 

5.   AVERAGE EXCHANGE RATE IN EXPORTS AND IMPORTS OF REPUBLIC OF CROATIA

 

 

1 US dollar

1 euro

 

I. – XII. 2008.

I. – VI. 2009.

IV. – VI. 2009.

I. – XII. 2008.

I. – VI. 2009.

IV. – VI. 2009.

 

 

 

 

 

 

 

Average exchange rate in kuna for exports

4,8999

5,5525

5,4121

7,2200

7,3869

7,3626

 

 

 

 

 

 

 

Average exchange rate in kuna for imports

4,8932

5,5480

5,4126

7,2226

7,3878

7,3625

 


NOTES ON METHODOLOGY

 

 

In this release, the Central Bureau of Statistics publishes provisional data on export and import price indices for the Republic of Croatia.

 

The data sources are export and import single administrative documents, which the Central Bureau of Statistics takes over from the Customs Administration of the Republic of Croatia. These documents are also used for the regular observation of exports and imports of the Republic of Croatia.

 

Export and import price indices were calculated as unit value indices, in other words, indices of the change of the export and import value per quantity unit of exported/imported goods, that is, per kilogram as a uniform and comparable quantity unit for all goods.

 

Indices were calculated separately for export/import values expressed in kuna and for those expressed in US dollars and euro.

 

Export/import values have been converted into kuna, US dollars and euro according to the current daily exchange rate lists of foreign currencies as defined by the Croatian National Bank, valid on the day when customs duties were levied. Values are recalculated according to deliveries at the Croatian frontier, that is, exports on the basis of the FOB parity and imports on the basis of the CIF parity.

 

Besides effects caused by the change in prices, these indices are also effected by inter-currency changes in relation to kuna, US dollar and euro as well as by changes in the composition of goods within a single item of the Nomenclature of the Customs Tariff. Although the nomenclature of goods, as articulated as possible, is used, still a very heterogeneous group of goods of various quality and unit price may be found within a single item, that is, within a single code.

 

Indices were calculated according to the Fisher’s, so-called ideal, formula, which is a geometrical mean between the Laspeyres’ and Paasche’s formulae, as follows:

 

 

Laspeyres’ price index PIL =

Σ pnt  qno

 x 100

Σ pno qno

 

Paasche’s price index PIP =

S pnt qnt

 x 100

S pnoqnt

 

The Fisher’s price index PIF = Ö PIL x PIP

 

where:

 

t   period (o = base period, t = current period)

n single product

q quantity of products

p unit price of products.

 

 

Excluded from the price index calculation are parts of products that are, according to the special regulations of the Customs Administration, classified into the same tariff item as a final product; groups of products of the Customs tariff: 71, 88, 89, 93, 99; products with a unit value that deviates from the average value by more than +/- 2d (standard deviation) as well as products whose single price index cannot be found within the interval. Due to the mentioned exclusions, the list of goods for which indices are calculated is not stable, that is, it is different in each quarter. The change in the list of goods included affects the given indices.

 

It must be pointed out that the process of excluding the products is repeated with each data processing. Since data on previous periods are changed in the course of a year, there may be certain aberrations from previously published data. The calculation of the annual price indices by using the most comprehensive data resulted in their higher quality.

 

Data by type of activities are presented according to the NKD 2007. (NN, Nos. 58/07 and 72/07), which entered into force on 1 January 2008 and is based on the European classification NACE, Rev. 2, which is obligatory in the EU Member States. The implementation of NKD 2007. leads occasionally to the break in time series due to the changes in classification's structure. All relevant changes in the classification were published in the Methodology for Statistical Implementation of the National Classification of Activities, 2007 version – NKD 2007. (NN, Nos. 102/07 and 123/08).

 

Data are presented according to the production approach, by which export and import data are reported according to the manufacturing activity from which the product originates.

 

The basic methodological principles for the calculation of export/import prices can be found in the publication titled Methods Used in Computing the United Nations Price Indexes for External Trade, Volume I, Statistical Papers, Series M No. 82, UN, 1991, as well as in the materials titled Statistics on the Trading of Goods, User Guide, Annex 8, Foreign Trade Indices, Methodology and Sources, Eurostat.

 

Data in this Release are considered provisional, since the used method is a subject of further verification and development.

 

 

Abbreviations

CIF             cost, insurance and freight

FOB            free on board

NACE         Statistical Classification of Economic Activities in the European Community

n.e.c.          not elsewhere classified

NKD 2007.  National Classification of Activities, 2007 version

NN                     Narodne novine, official gazette of the Republic of Croatia

SITC           Standard International Trade Classification

US $            US dollar

 

 

Symbols

-  no occurrence