Press Release 27/03/2015
Export unit prices decreased by 2.6% in the fourth quarter of 2014
In the case of imports, prices fell by 5.2%
During the fourth quarter of 2014 the unit prices of exports from the Basque Country posted a year-on-year decrease of 2.6%, according to Eustat data. Compared to the previous quarter, the drop was 1%.
For imports, prices also posted a negative year-on-year variation of 5.2%, or -2.5% in comparison to the third quarter of 2014.
The year-on-year analysis of exports according to the classification of goods by economic destination shows that the fall is greater for Capital Goods (-10.2%) than for Intermediate Goods (-1%) and Consumer Goods (-0.7%).
In the case of imports, there were increases in the prices of Capital Goods (10%) and Consumer Goods (0.8%) and an decrease of 6.4% in Intermediate Goods.
If the geographic areas are taken into account, it can be seen that unit export prices in this quarter compared to the same quarter of the previous year fell in all areas analysed, especially in exports to the Eurozone (-3.8%) to the OECD (-2.9%) and to the EU-28 (-2,1%). These prices also were down in relation to the third quarter of 2014, especially in the Eurozone (-1.9%).
In the case of imports, there were year-on-year downturns in prices for all geographical areas, above all the Rest of the World(-6.3%) and the OECD (-4.5%). With regards to the previous quarter these same two areas saw a fall in their rates: a 4.2% drop for the Rest of the World and a 1.6% drop for the OECD.
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 Tlf: 945 01 75 62
Further press releases on foreign trade unit value indices-IVU of the Basque Country
Databank on foreign trade unit value indices-IVU of the Basque Country