The Planning and Statistics Authority (PSA) has released the new Quarterly Import Unit Value Index (IMVUI) for the first quarter of 2021 based on 2013, 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 imported 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 2011 commodities classified according to the Harmonized System (HS). Each main group have relative weights depends on its value on the base year 2013. The highest relative weight was for “Machinery and transport equipment” 46.94%, and the lowest relative weight was for “Animal and Vegetable Oils, fats and waxes’’ 0.27%, “Manufactured goods classified chiefly by material” has second position by 15.54%, "Miscellaneous manufactured articles” has third position by 12.08%,
The IMVUI of first quarter reached to 102.50 points showing a decrease by 0.33% when compared to fourth quarter-2021. Compared to counterpart in 2020 (Q1-2020), [Y-o-Y basis], a decrease of 0.80% has been recorded in the general index (MUVII) of this Quarter. IMUVI contains of ten main groups classified based on Standard International Trade Classification (SITC4).
Comparing Q1 of 2021 with the previous Quarter(Q4-2020):
An analysis [on Q-o-Q basis] of IMUVI for Q1- 2021 compared with IMUVI, Q4-2020, showed that there were five main groups, where respective indices in this month have decreased, namely: " Commodities and transactions not classified elsewhere in SITC " by 3.83%, followed " Food and live animals " showed a decrease by 1.91%, "Manufactured goods classified chiefly by material” by 1.54%, “Machinery and transport equipment” by 0.35%, and "Miscellaneous manufactured articles” by 0.34%. An increase has been recorded in: “Crude materials, inedible, except fuels " by 5.47%, followed “Mineral fuels, lubricants and related materials” by 2.44%,
“Animal and Vegetable Oils, fats and waxes’’ by 2.00%, “Beverages and Tobacco” by 0.30%, and ‘’ Chemicals and Related Products, N.E.C.’’ by 0.09%.
Comparing Q1 of 2021 with the counterpart in previous year (Q1-2021):
A comparison of IMUVI Q1-2021 with the IMVUI Q1-2020 (Annual Change), a decrease has been recorded in the general index (IMUVI), by 0.80%. This [Y-o-Y] unit value decreases primary due to the value falling in six groups namely: “Crude materials, inedible, except fuels” by 5.22%, followed by “Commodities and transactions not classified elsewhere in SITC” by 4.87%, " Food and live animals" by 4.64%, “Chemicals and related products, n.e.s” by 1.73%, “Mineral fuels, lubricants and related materials” by 1.06%, and “Miscellaneous manufactured articles” by 0.87%. An increase has been shown in three groups namely: “Beverages and tobacco” by 2.62%, “Manufactured goods classified chiefly by material” by 0.89%, and “Machinery and transport equipment” by 0.15%. no change noticed in “Animal and Vegetable Oils, fats and waxes’
