​The National Planning Council has released Quarterly Export Unit Value Index (EXUVI) for the second quarter of 2024 based on 2018, as a new chain added to statistical indicators calculated by General Secretariat of the National Planning Council. 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 National Planning Council 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 about 99.5% of the EXUVI basket. 

 In this quarter the Export unite value index (Q2-2024) increased by 6.07%, when compared to the previous quarter (Q1-2024), while when compared it with its counterpart in the previous year (Q2-2023) decreased by 8.16%. 

An analysis [on Q-o-Q basis] of EXUVI for Q2 2024 compared with EXUVI, Q1-2024, showed that there were six main groups, where respective indices in this month have increased, namely: “Food and live animals” by 9.28%, followed by “Mineral fuels, lubricants and related materials” by 6.96%, “Miscellaneous manufactured articles” by 4.72%, “Machinery and transport equipment” by 2.66%,  “Commodities and transactions not classified elsewhere in SITC” by 2.23%, and “Chemicals and related products” by 0.17%. A decrease has been recorded in “Manufactured goods classified chiefly by material” by 4.13%, “Crude materials, inedible, except fuels” by 3.00%, and “Beverages and Tobacco” by 0.54%, “Animal and vegetable oils, fats and waxes”, that remained unchanged during this quarter. 

A comparison of EXUVI Q2-2024 with the EXVUI Q2-2023 (Annual change), a decrease has been recorded in the general index (EXUVI), by 8.16%. This [Y-o-Y] value decreases primary due to the unit value decreasing in five groups namely: “Chemicals and related products, N.E.C” by 9.92%, followed by “Mineral fuels, lubricants and related materials” by 8.13%, “Manufactured goods classified chiefly by material” by 4.71%, “Miscellaneous manufactured articles” by 2.83%, “Crude materials, inedible, except fuels” by 1.14%. An increase has been shown in “Commodities and transactions not classified elsewhere in SITC” by 7.64%, “Food and live animals” by 7.54%, “Beverages and Tobacco” by 0.28%, “Machinery and transport equipment” by 0.22%, and “Animal and vegetable oils, fats and waxes “by 0.12%.

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