Press Release 04/17/2012
Export prices increased by 0.1% in year-on-year terms in the fourth quarter of 2012
The prices of imports were down by 0.8%
During the fourth quarter of 2012 unit prices of exports from the Basque Country, measured as Unit Value Indices and year-on-year rates, registered an increase of 0.1%, according to Eustat data. In the case of imports, however, there was an 0.8% drop in the index.
Comparing the fourth quarter with the previous one, the same trend could be observed, and was more exaggerated in the case of exports. The increase in unit value of exports stood at 0.9%; whilst there was a decrease in imports of 0.5%.
If we look at the classification by economic destination, it should be pointed out, in the case of exports, that the only goods to register drops in their year-on-year rates were capital goods (-3.0%). Intermediate goods grew by 0.4% and Consumer goods were up by 2.7%. Downturns were registered for imports of all goods types with Capital Goods standing out, down by 7%.
If geographic areas are taken into account, it can be pointed out that the unit export prices in this quarter compared to the same quarter of the previous year were slightly higher in all areas analysed, with the exception of the Rest of the World zone (which groups together all of the countries that do not make up part of the EU-27 or the OECD) where a decrease of 0.5% was registered. The highest rates were produced in the EU-27 (0.5%) and the OECD (0.4%).
In the case of imports, the opposite was true given that all of the geographic areas experienced downturns in their year-on-year rates, with the exception of the Rest of the World, which saw an increase of 0.7%. The biggest decreases took place in the EU-27 (-2.4%) and in the OECD (-2.2%).
With regards to the previous quarter, export rates registered positive values, which varied between the 0.9% in the EU-27 and the 1.4% in the Euro Zone. There was no variation in the index for the Rest of the World.
If we consider imports in relation to the previous period, it can be observed that in the Rest of the World the rate dropped by 1.8%. In the remaining geographic areas, on the other hand, there were increases, especially in the Euro Zone (1.8%).
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press service: firstname.lastname@example.org Tel. 945 01 75 62
Further press releases on Foreign Trade Statistics of the Basque Country (IVU)
Databank on Foreign Trade Statistics of the Basque Country (IVU)