- 0.63% Quarterly decrease on IMUVI of Third Quarter 2021
- 0.51% annual decrease on IMUVI of Third quarter compared with counterpart in 2020
The Planning and Statistics Authority (PSA) has released the Quarterly Import Unit Value Index (IMVUI) for the Third quarter of 2021 based on 2013. The IMVUI of Third quarter reached to 101.74 points showing a decrease by 0.63% when compared to Second quarter-2021. Compared to counterpart in 2020 (Q3-2020), [Y-o-Y basis], a decrease of 0.51% has been recorded in the general index (MUVII) of this Quarter. IMUVI contains of ten main groups classified based on Standard International Trade Classification.
Comparing Q3 of 2021 with the previous Quarter(Q2-2021):
An analysis [on Q-o-Q basis] of IMUVI for Q3- 2021 compared with IMUVI, Q2-2021, showed that there were eight main groups, where respective indices in this month have decreased, namely: “Mineral fuels, lubricants and related materials” by 6.74%, followed by “Animal and vegetable oils, fats and waxes” by 4.36%, “Beverages and Tobacco” by 2.01%, “Food and live animals” by 1.44%, “Manufactured goods classified chiefly by material” by 1.05%, “Machinery and transport equipment” by 0.53%, “Miscellaneous manufactured articles” by 0.13%, and “Crude materials, inedible, except fuels” by 0.01%. An increase has been recorded in: “Chemicals and related products” by 0.28%, and “Commodities and transactions not classified elsewhere in SITC” by 0.15%.
Comparing Q3 of 2021 with the counterpart in previous year (Q3-2021):
A comparison of IMUVI Q3-2021 with the IMVUI Q3-2020 (Annual Change), a decrease has been recorded in the general index (IMUVI), by 0.51%. This [Y-o-Y] unit value decreases primary due to the value falling in seventh groups namely: “Animal and vegetable oils, fats and waxes” by 8.36%, followed by “Crude materials, inedible, except fuels” by 4.83%, “Mineral fuels, lubricants and related materials” by 4.31%, “Commodities and transactions not classified elsewhere in SITC” by 3.82%, “Food and live animals” by 1.71%, “Manufactured goods classified chiefly by material” by 1.61%, and “Chemicals and related products, N.E.C” by 0.16%. A decrease has been shown in three groups namely: “Miscellaneous manufactured articles” by 1.64%, followed by “Beverages and “Tobacco” by 0.62%, and “Machinery and transport equipment” by 0.17%.
