The Planning and Statistics Authority (PSA) has released Quarterly Export Unit Value Index (EXUVI) for the Second quarter of 2023 based on 2018, as new chain added to statistical indicators calculated by PSA. The importance of this indicator come from in which can monitors a changes of a unit value of export goods and reflect the economy status of the country. The release of this indicator 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) are 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 have 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 about 99.5% of the EXUVI basket. 

 In this quarter the Export unite value index (Q2-2023) decreased by 9.38%, when compared to the previous quarter (Q1-2023), also when compared it with its counterpart in the previous year (Q2-2022) decreased by 20.94%. 

An analysis [on Q-o-Q basis] of EXUVI for Q2- 2023 compared with EXUVI, Q1-2023, showed that there were seven main groups, where respective indices in this month have decreased, namely: “Mineral fuels, lubricants and related materials” by 10.08%, followed by “Beverages and Tobacco” by 4.47%, “Chemicals and related products” by 3.73%, “Crude materials, inedible, except fuels” by 1.73%, “Miscellaneous manufactured articles” by 0.83%, “Manufactured goods classified chiefly by material” by 0.21%, and “Animal and vegetable oils, fats and waxes” by 0.12%. An increase has been recorded in “Food and live animals” by 12.21%, “Commodities and transactions not classified elsewhere in SITC” by 6.63%, and “Machinery and transport equipment” by 2.41%.

A comparison of EXUVI Q2-2023 with the EXVUI Q2-2022 (Annual change), a decrease has been recorded in the general index (EXUVI), by 20.94%. This [Y-o-Y] value decreases primary due to the unite value decline in six groups namely: “Chemicals and related products, N.E.C” by 28.04%, followed by “Crude materials, inedible, except fuels” by 27.95%, “Mineral fuels, lubricants and related materials” by 20.28%, “Manufactured goods classified chiefly by material” by 19.45%, “Food and live animals” by 1.21%, and “Animal and vegetable oils, fats and waxes “by 0.12%. An increase has been shown in “Beverages and Tobacco” by 4.12%, “Machinery and transport equipment” by 2.87%, “Miscellaneous manufactured articles” by 1.32%, and “Commodities and transactions not classified elsewhere in SITC” by 0.82%.

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