- 0.13% Quarterly increase on IMUVI of First quarter 2023
- 2.87% Annual decrease on IMUVI of First quarter 2023 compared with counterpart in 2022.
The Planning and Statistics Authority (PSA) has released the Quarterly Import Unit Value Index (IMVUI) for the first quarter of 2023 based on 2013. The IMVUI of first quarter reached to 100.29 points showing an increase by 0.13% when compared to fourth quarter-2022. Compared to counterpart in 2022 (Q1-2021), [Y-o-Y basis], a decrease by 2.87% 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 Q1 of 2023 with the previous Quarter(Q4-2022):
- An analysis [on Q-o-Q basis] of IMUVI of Q1- 2023 compared with IMUVI, Q4-2022, showed that there were six main groups, where respective indices in this month have increased, namely: “Animal and vegetable oils, fats and waxes” by 3.55%, followed by “Crude materials, inedible, except fuels” by 2.00%, “Miscellaneous manufactured articles” by 1.17%, “Mineral fuels, lubricants and related materials” by 0.91%, “Machinery and transport equipment” by 0.47%, and “Commodities and transactions not classified elsewhere in SITC” by 0.01%.
- A decrease has been recorded in “Food and live animals” by 1.87%, followed by “Chemicals and related products” by 1.31%, “Manufactured goods classified chiefly by material” by 0.64%, “Beverages and Tobacco” by 0.55%. Graphs (2) shows the time series of quarterly IMUVI and quarterly change from Q1-2022 to Q1-2023.
Comparing Q1 of 2023 with the counterpart in previous year (Q1-2022):
- A comparison of IMUVI Q1-2023 with the IMVUI Q1-2022 (Annual Change), a decrease has been recorded in the general index (IMUVI), by 2.87%. This [Y-o-Y] value decreases primary due to the unite value drop in seven groups namely: “Beverages and Tobacco” by 5.31%, followed by “Machinery and transport equipment” by 4.13%, “Food and live animals” by 4.10%, “Chemicals and related products” by 3.41%, “Manufactured goods classified chiefly by material” by 2.12%, “Miscellaneous manufactured articles” by 1.92%, and “Mineral fuels, lubricants and related materials” by 0.81%. An increase has been shown in “Crude materials, inedible, except fuels” by 6.25%, and “Animal and vegetable oils, fats and waxes” by 0.51%. No change is noticed in “Commodities and transactions not classified elsewhere in SITC”. Graphs (4) shows the quarterly and annual change of IMUVI from Q1-2022 to Q1-2023.
