- 0.13% Quarterly increase on IMUVI of third quarter 2023.
- 2.07% annual increase on IMUVI of third quarter 2023 compared with counterpart in 2022.
The Planning and Statistics Authority issued the updated index of import unit value (IMUVI) for the third quarter of 2018, which is the first issued used of year 2018 as based year. The IMVUI of third quarter reached to 109.16 points showing an increase by 0.13% when compared to third quarter-2022. Compared to counterpart in 2022 (Q3-2022), [Y-o-Y basis], an increase by 2.07% 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 Q3 of 2023 with the previous Quarter(Q2-2023):
An analysis [on Q-o-Q basis] of IMUVI of Q3- 2023 compared with IMUVI, Q2-2023, showed that there were seven main groups, where respective indices in this month have increased, namely: “Chemicals and related products” by 4.49%, “Mineral fuels, lubricants and related materials” by 2.86%, “Manufactured goods classified chiefly by material” by 2.45%, “Miscellaneous manufactured articles” by 2.36%, “Crude materials, inedible, except fuels” by 1.28%, “Food and live animals” by 0.45%, and “Beverages and Tobacco” by 0.14%.
A decrease has been recorded in “Commodities and transactions not classified elsewhere in SITC” by 5.14%, “Animal and vegetable oils, fats and waxes” by 2.82%, and “Machinery and transport equipment” by 2.71%.
Comparing Q3 of 2023 with the counterpart in previous year (Q3-2022):
A comparison of IMUVI Q3-2023 with the IMVUI Q3-2022 (Annual Change), an increase has been recorded in the general index (IMUVI), by 2.07%. This [Y-o-Y] value increases primary due to the unite value rise in six groups namely: “Commodities and transactions not classified elsewhere in SITC” by 7.10%, followed by “Machinery and transport equipment” by 6.38%, “Chemicals and related products” by 2.97%, “Miscellaneous manufactured articles” by 2.23%, “Food and live animals” by 1.49%, and “Mineral fuels, lubricants and related materials” by 0.60%.
A decrease has been shown in “Crude materials, inedible, except fuels” by 10.83%, “Beverages and Tobacco” by 7.12%, “Animal and vegetable oils, fats and waxes” by 6.78%, and “Manufactured goods classified chiefly by material” by 2.95%.
