Germany Export Price Index y/y

Country:
Germany
EUR, Euro
Sector:
Prices
Low -1.2% -0.9%
-1.1%
Last release Importance Actual Forecast
Previous
-0.7%
-1.2%
Next release Actual Forecast
Previous
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For the monthly calculated export price index, the prices in euro (foreign currencies are converted at the respective exchange rate) are calculated, which are incurred by the foreign buyer from the German border, they are not list prices. From a commercial point of view, such prices are given the addition FOB (Free on Board), which indicates not only the place where the price is collected, but also that the domestic seller bears the costs up to the port, the foreign buyer bears costs and risk from this point onwards. Prices do not include public charges such as VAT and excise duties. They are collected in euros at around 4,800 reporting points by around 6,100 price representatives. Foreign currencies are converted at the respective Euro exchange rate in the middle of the month.

The index can be described as the weighted average of the individual price change figures formed for a representative selection of export goods (the so-called price representatives). The index weights for the selected goods are based on the corresponding import values from the foreign trade statistics for the respective base year.

The individual price series are standardized to a base year (= 100). For some world trade goods – e.g. grains and metals – international stock exchange quotations are also used. To ensure that the monthly values of an individual price series only reflect "pure" price changes, adjustment procedures are used for quality changes.

The index is calculated according to the so-called Laspeyres formula. This means that the weighing figures from the current base year remain unchanged until the index is converted to a new base year. The next base year will be 2020, the latest one is 2010.

The export price index y/y measures the price changes of the respective month compared to the same month of the previous year.

The export and import price indices are used to calculate the terms of trade, which is a measure of the economic strength of an economy in international competition. If export prices rise compared to import prices, the terms of trade improve. This is seen as positive for the economy and can have a positive impact on the currency.

Last values:

actual data

forecast

The chart of the entire available history of the "Germany Export Price Index y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
-1.2%
-0.9%
-1.1%
May 2020
-1.2%
-0.9%
-1.1%
Apr 2020
-1.1%
-1.1%
-0.5%
Mar 2020
-0.5%
-1.0%
0.3%
Feb 2020
0.3%
0.4%
0.5%
Jan 2020
0.5%
0.2%
0.4%
Dec 2019
0.4%
-0.4%
-0.1%
Nov 2019
-0.1%
0.0%
-0.2%
Oct 2019
-0.2%
-0.3%
0.0%
Sep 2019
0.0%
-0.2%
-0.1%
Aug 2019
-0.1%
0.4%
0.2%
Jul 2019
0.2%
-0.3%
0.2%
Jun 2019
0.2%
0.5%
0.7%
May 2019
0.7%
1.3%
1.3%
Apr 2019
1.3%
1.3%
1.3%
Mar 2019
1.3%
1.6%
1.3%
Feb 2019
1.3%
1.0%
1.1%
Jan 2019
1.1%
0.7%
1.3%
Dec 2018
1.3%
2.2%
1.7%
Nov 2018
1.7%
2.6%
2.0%
Oct 2018
2.0%
0.0%
1.9%
Sep 2018
1.9%
2.1%
Aug 2018
2.1%
1.7%
Jul 2018
1.9%
1.8%
Jun 2018
1.8%
1.3%
May 2018
1.3%
0.7%
Apr 2018
0.7%
0.7%
Mar 2018
0.7%
0.5%
Feb 2018
0.5%
0.7%
Jan 2018
0.7%
1.0%

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