Press release 26/06/2015

FOREIGN TRADE UNIT VALUE INDICES - IVU I/2015

Export prices decreased by 1% in the first quarter of 2015

In the case of imports, prices fell by 11.5%

During the first quarter of 2015 the prices of exports posted a year-on-year decrease of 1%, according to Eustat data. However, compared to the previous quarter, there was a 0.4% growth.

For imports, prices also posted a negative year-on-year variation of 11.5%, or -9.5% in comparison to the fourth quarter of 2014.

Within exports, energy was responsible for the negative result in the total price variation, with a year-on-year downturn in its index of 21.4%. For non-energy exports, however, there was an upward trend of 1.2%.

This performance was also seen in imports, to an even greater extent. The price index for imports of energy products fell 35.6% in its year-on-year rate, whilst that of non-energy products rose by 2.6%.

The classification of goods by economic destination reveals that the fall in export prices were greater for Capital Goods (-3.0%) than for Consumer Goods (-2.1%) and Intermediate Goods (-0.3%).

In the case of imports, there were increases in the prices of Capital Goods (7.2%) and Consumer Goods (4.6%) and a decrease of 13.8% in Intermediate Goods.

If the geographic areas are taken into account, it can be seen that 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 (-3.0%) to the EU-28 (-2.3%) and to the OECD (-1.3%). These prices fell in relation to the fourth quarter of 2014, above all in the Rest of the World (-2.8%), but rose in the OECD (1.2%).

In the case of imports, there were year-on-year downturns in prices for all geographical areas, above all the Rest of the World (-18.4%) and the OECD (-8.0%). The same occurred with respect to the previous quarter, where there were downturns of 14.7% for the Rest of the World and of 6.9% for the OECD.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 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