The Planning and Statistics Authority (PSA) has released Quarterly Export Unit Value Index (EXUVI) for the Fourth quarter of 2023 based on 2018, as new chain added to statistical indicators calculated by PSA. The importance of this indicator comes from in which can monitor a changes of a unit value of export goods and reflect the economy status of the country. The release of this indicator is also one of the requirements of the plan of the Statistics and Planning Authority in providing accurate statistical information and data that support the decision-maker. Standard International Trade Classification Index (SITC4) is used in calculating this indicator, which is classified the data into ten main groups contain 56 commodities classified according to the Harmonized System (HS). Each main group has relative weights depends on its value on the base year 2018. The highest relative weight was for “Mineral fuels, lubricants and related materials” 88.77%, the second position was for “Chemicals and related products, n.e.s” with 8.04%, and the third position was for “Manufactured goods classified chiefly by material” with 2.63%. These three groups together make up about 99.5% of the EXUVI basket. 

 In this quarter the Export unite value index (Q4-2023) decreased by 6.52%, when compared to the previous quarter (Q3-2023), also when compared it with its counterpart in the previous year (Q4-2022) decreased by 17.14%. 

An analysis [on Q-o-Q basis] of EXUVI for Q4- 2023 compared with EXUVI, Q3-2023, showed that there were five main groups, where respective indices in this month have decreased, namely: “Mineral fuels, lubricants and related materials” by 7.36%, followed by “Miscellaneous manufactured articles” by 1.83%, “Machinery and transport equipment” by 1.81%, “Food and live animals” by 0.89%, and “Crude materials, inedible, except fuels” by 0.69%. An increase has been recorded in “Chemicals and related products” by 1.64%, and “Manufactured goods classified chiefly by material” by 0.63%. There was no significant change in following groups during the fourth quarter of 2023: “Beverages and Tobacco”, “Animal and vegetable oils, fats and waxes”, and “Commodities and transactions not classified elsewhere in SITC”. 

A comparison of EXUVI Q4-2023 with the EXVUI Q4-2022 (Annual change), a decrease has been recorded in the general index (EXUVI), by 17.14%. This [Y-o-Y] value decreases primary due to the unite value decline in seven groups namely: “Crude materials, inedible, except fuels” by 23.63%, followed by “Chemicals and related products, N.E.C” by 20.38%, “Mineral fuels, lubricants and related materials” by 16.84%, “Manufactured goods classified chiefly by material” by 16.60%, “Machinery and transport equipment” by 10.24%, “Beverages and Tobacco” by 7.56%, and “Miscellaneous manufactured articles” by 1.36%. An increase has been shown in “Food and live animals” by 19.71%, and “Commodities and transactions not classified elsewhere in SITC” by 12.27%. There was no change in “Animal and vegetable oils, fats, and waxes. 

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