Press Release 12/29/2014

FOREIGN TRADE PRICE INDEX OF THE BASQUE COUNTRY (IVU) III/2014

The year-on-year rate of export unit prices fell by 1.9% in the third quarter of 2014

In the case of imports, prices fell by 3.4%

The unit prices of exports from the Basque Country posted a year-on-year decrease of 1.9% in the third quarter of 2014, according to Eustat data. There was a 0.6% increase with respect to the previous quarter.

For imports, prices also posted a negative year-on-year variation of 3.4%. However, they were positive by 1.2% in comparison to the second quarter of 2014.

The year-on-year analysis of exports according to the classification of goods by economic destination shows a decrease for Capital Goods (-8.3%) and for Intermediate Goods (-1.1%) and an increase for Consumer Goods (1.1%).

In the case of imports, there was a decrease in Intermediate Goods of 4.0%, and a rise in the prices of Capital Goods (3.9%) and of Consumer Goods (0.1%).

If geographic areas are taken into account, it can be seen that year-on-year unit export prices in this quarter fell in all areas analysed, especially in exports to the Eurozone (-3.1%). In relation to the second quarter of 2014, prices fell in the Eurozone (-0.9%) and in the OECD (-0.1%) and rose in the EU-28 (0.1%) and in the Rest of the World, where there was a 3.1% growth.

In terms of imports, the decreases in the year-on-year prices in all geographic areas should be noted, mainly in the Rest of the World (-6.1%). With regards to the previous quarter, the trend was inverted with just a 0.4% fall in prices in the EU-28.

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tlf: 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)