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 DECEMBER, 2009

NUMBER: 4.2.3/3.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

 

EXPORT AND IMPORT PRICE INDICES OF THE REPUBLIC OF CROATIA

Third quarter of 20091)

 

In the third 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 section Machinery and transport equipment (6.0%).

 

The increase in import prices was not recorded in any section.

 

In the third 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 (-29.0%), Crude materials, except fuels (-20.5%), Chemical products
(-19.1%), Animal and vegetable oils and fats (-14.8%),
Manufactures classified by material (-9.2%) Beverages and tobacco (-2.6%), Miscellaneous manufactured articles (-2.5%) and Food and live animals (-0.4%).

 

The decrease in import prices was recorded in the sections Mineral fuels and lubricants (-30.7%), Animal and vegetable oils and fats (-22.8%), Manufactures classified by material (-16.9%), Crude materials, except fuels (-16.8%), Chemical products (-8.9%), Miscellaneous manufactured articles
(-6.9%), Machinery and transport equipment (-4.9%), Beverages and tobacco (-3.9%) and Food and live animals (-1.3%).

 

 

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

 

 

 

VII. – IX. 2009.
Ø 2008.

 

 

 

Exports

Imports

 

 

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

 

 

 

 

Total

91,1

87,3

89,9

87,3

83,3

86,2

 

 

 

 

 

 

 

 

 

 A

 

Agriculture, forestry and fishing

81,0

79,0

79,6

94,3

89,8

93,0

 

 

 

 

 

 

 

 

 

 B

 

Mining and quarrying

65,0

64,8

64,1

69,9

66,0

69,0

 

 

 

 

 

 

 

 

 

 C

 

Manufacturing

93,2

89,3

92,0

89,8

85,9

88,6

 

10

Manufacture of food products

102,4

98,2

101,0

98,1

94,4

96,7

 

11

Manufacture of beverages

95,0

90,0

93,7

98,5

93,8

97,3

 

12

Manufacture of tobacco products

108,6

103,0

107,1

84,2

80,1

83,1

 

13

Manufacture of textiles

96,6

92,9

95,0

92,4

88,9

91,3

 

14

Manufacture of wearing apparel

101,5

97,3

100,1

97,3

93,5

96,0

 

15

Manufacture of leather and related products

108,3

103,9

106,9

98,3

94,7

96,9

 

16

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

97,2

93,2

96,0

98,6

95,3

97,4


 

17

Manufacture of paper and paper products

87,3

83,6

86,3

91,7

87,8

90,6

 

18

Printing and reproduction of recorded media

128,8

122,0

126,9

89,9

85,4

88,5

 

19

Manufacture of coke and refined petroleum products

72,0

68,0

71,1

66,5

62,8

65,7

 

20

Manufacture of chemicals and chemical products

76,4

72,8

75,3

81,3

77,1

80,3

 

21

Manufacture of basic pharmaceutical products and pharmaceutical preparations

95,1

93,8

93,8

118,3

113,6

116,7

 

22

Manufacture of rubber and plastic products

93,5

89,4

92,3

90,0

86,4

88,7

 

23

Manufacture of other non-metallic mineral products

99,9

95,6

98,5

90,9

87,5

90,0

 

24

Manufacture of basic metals

75,1

72,6

74,0

69,1

65,8

68,2

 

25

Manufacture of fabricated metal products, except machinery and equipment

95,7

91,5

94,4

83,8

80,8

82,7

 

26

Manufacture of computer, electronic and optical products

103,3

97,8

102,9

104,3

99,8

102,8

 

27

Manufacture of electrical equipment

99,6

95,9

98,4

96,9

93,0

95,6

 

28

Manufacture of machinery and equipment n.e.c.

111,3

106,7

109,7

93,4

89,1

92,1

 

29

Manufacture of motor vehicles,
trailers and semi-trailers

112,7

107,9

111,3

94,0

89,4

92,9

 

30

Manufacture of other transport equipment

93,3

90,3

92,1

82,1

77,7

81,0

 

31

Manufacture of furniture

83,6

80,1

82,7

89,0

85,2

87,8

 

32

Other manufacturing

93,4

89,4

92,3

92,6

89,2

91,4

 

1)    Provisional data

 

 

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

 

VII. – IX. 2009.
Ø 2008.

 

Exports

Imports

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

0   Food and live animals

99,6

96,2

98,2

98,7

94,9

97,3

1   Beverages and tobacco

97,4

92,5

96,1

96,1

92,1

95,0

2     Crude materials, except fuels

79,5

77,5

78,4

83,2

79,8

82,0

3   Mineral fuels and lubricants

71,0

67,0

70,1

69,3

65,5

68,4

4   Animal and vegetable oils and fats

85,2

82,5

84,6

77,2

74,5

76,0

5   Chemical products

80,9

77,9

79,9

91,1

86,5

89,9

6   Manufactures classified by material

90,8

87,3

89,6

83,1

79,6

82,0

7   Machinery and transport equipment

106,0

101,5

104,8

95,1

90,8

93,8

8   Miscellaneous manufactured articles

97,5

93,1

96,2

93,1

89,5

91,9

 


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

 

 

 

I. – IX. 2009.
Ø 2008.

 

 

 

Exports

Imports

 

 

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

 

 

 

 

Total

97,6

88,6

95,8

94,6

86,3

92,8

 

 

 

 

 

 

 

 

 

 A

 

Agriculture, forestry and fishing

95,9

89,2

93,7

109,9

99,3

107,9

 

 

 

 

 

 

 

 

 

 B

 

Mining and quarrying

84,8

79,8

83,1

70,2

63,2

68,8

 

 

 

 

 

 

 

 

 

 C

 

Manufacturing

99,1

89,9

97,3

98,0

89,7

96,2

 

10

Manufacture of food products

101,6

93,0

99,7

102,5

93,7

100,4

 

11

Manufacture of beverages

95,9

87,0

94,1

99,8

91,2

98,0

 

12

Manufacture of tobacco products

121,5

110,3

118,4

91,6

82,8

90,0

 

13

Manufacture of textiles

102,9

93,6

100,9

96,9

88,1

95,1

 

14

Manufacture of wearing apparel

104,9

95,3

103,0

105,9

95,8

103,7

 

15

Manufacture of leather and related products

109,3

99,1

107,2

100,2

90,9

98,2

 

16

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

102,6

93,0

100,7

105,1

96,4

103,0


 

17

Manufacture of paper and paper products

91,4

83,3

89,7

101,7

92,9

99,9

 

18

Printing and reproduction of recorded media

105,5

102,3

103,6

75,4

68,7

73,8

 

19

Manufacture of coke and refined petroleum products

63,3

56,8

62,2

73,1

65,8

71,9

 

20

Manufacture of chemicals and chemical products

81,2

73,2

79,7

94,8

86,3

93,0

 

21

Manufacture of basic pharmaceutical products and pharmaceutical preparations

105,1

97,3

103,3

127,1

116,1

124,6

 

22

Manufacture of rubber and plastic products

100,2

90,9

98,4

97,7

89,4

95,7

 

23

Manufacture of other non-metallic mineral products

105,0

95,8

103,0

102,8

93,8

100,9

 

24

Manufacture of basic metals

83,7

75,7

82,0

77,8

70,5

76,2

 

25

Manufacture of fabricated metal products, except machinery and equipment

104,6

95,1

103,0

97,0

88,1

95,1

 

26

Manufacture of computer, electronic and optical products

116,5

105,7

115,4

111,6

101,8

109,4

 

27

Manufacture of electrical equipment

107,3

97,8

105,4

102,4

93,5

100,3

 

28

Manufacture of machinery and equipment n.e.c.

124,5

112,7

122,0

98,0

89,4

96,1

 

29

Manufacture of motor vehicles, trailers and semi-trailers

108,1

99,1

106,1

98,8

88,8

96,9

 

30

Manufacture of other transport equipment

112,9

102,4

110,6

98,3

109,4

97,8

 

31

Manufacture of furniture

93,0

84,4

91,3

98,3

89,3

96,4

 

32

Other manufacturing

103,2

93,6

101,4

98,7

89,8

96,7

 

 

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

 

I. – IX. 2009.
Ø 2008.

 

Exports

Imports

 

In kuna

In US $

In euro

In kuna

In US $

In euro

 

 

 

 

 

 

 

0   Food and live animals

103,3

95,0

101,2

105,9

96,7

103,8

1   Beverages and tobacco

105,9

95,8

103,6

98,3

90,0

96,5

2   Crude materials, except fuels

82,1

76,5

80,6

102,6

93,0

100,6

3   Mineral fuels and lubricants

68,0

60,8

66,8

70,4

63,4

69,1

4   Animal and vegetable oils and fats

82,6

76,5

80,7

80,3

72,9

78,3

5   Chemical products

88,8

80,6

87,1

102,1

93,2

100,2

6   Manufactures classified by material

97,0

88,3

95,1

91,3

83,0

89,6

7   Machinery and transport equipment

114,9

104,4

113,0

101,9

92,5

99,9

8   Miscellaneous manufactured articles

104,0

94,2

102,0

99,9

92,3

97,9

 

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

 

 

1 US dollar

1 euro

 

I. – XII. 2008.

I. – IX. 2009.

VII. – IX. 2009.

I. – XII. 2008.

I. – IX. 2009.

VII. – IX. 2009.

 

 

 

 

 

 

 

Average exchange rate in kuna for exports

4,8999

5,4017

5,1155

7,2200

7,3646

7,3192

 

 

 

 

 

 

 

Average exchange rate in kuna for imports

4,8932

5,4003

5,1196

7,2226

7,3653

7,3194

 


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