- 0.32% Quarterly increase on IMUVI of second quarter 2023.
- 1.42% Annual decrease on IMUVI of second quarter 2023 compared with counterpart in 2022.
- The Planning and Statistics Authority (PSA) has released the Quarterly Import Unit Value Index (IMVUI) for the second quarter of 2023 based on 2013. The IMVUI of second quarter reached to 100.64 points showing an increase by 0.32% when compared to first quarter-2023. Compared to counterpart in 2022 (Q2-2022), [Y-o-Y basis], a decrease by 1.42% has been recorded in the general index (IMUVI) of this quarter. IMUVI contains of ten main groups classified based on Standard International Trade Classification.
Comparing Q2 of 2023 with the previous Quarter(Q1-2023):
An analysis [on Q-o-Q basis] of IMUVI of Q2- 2023 compared with IMUVI, Q1-2023, showed that there were six main groups, where respective indices in this month have increased, namely: “Crude materials, inedible, except fuels” by 1.60%, “Beverages and Tobacco” by 1.56%, “Chemicals and related products” by 0.91%, “Manufactured goods classified chiefly by material” by 0.80%, “Food and live animals” by 0.52%, and “Machinery and transport equipment” by 0.21%. A decrease has been recorded in “Animal and vegetable oils, fats and waxes” by 3.43%, followed by “Mineral fuels, lubricants and related materials” by 2.84%, and “Miscellaneous manufactured articles” by 0.61%. No change was noticed in “Commodities and transactions not classified elsewhere in SITC”.
Comparing Q2 of 2023 with the counterpart in previous year (Q2-2022):
A comparison of IMUVI Q2-2023 with the IMVUI Q2-2022 (Annual Change), a decrease has been recorded in the general index (IMUVI), by 1.42%. This [Y-o-Y] value decreases primary due to the unite value drop in eight groups namely: “Beverages and Tobacco” by 6.48%, “Manufactured goods classified chiefly by material” by 3.69%, “Food and live animals” by 3.20%, “Miscellaneous manufactured articles” by 3.08%, “Chemicals and related products” by 2.77%, “Mineral fuels, lubricants and related materials”, and “Animal and vegetable oils, fats and waxes” by 1.00% each, and “Machinery and transport equipment” by 0.57%. An increase has been shown in “Crude materials, inedible, except fuels” by 7.65%. No change is noticed in “Commodities and transactions not classified elsewhere in SITC”.
