The index of import unit values fell by 5% and that of export unit values by 2%, said the HCP in its recent note on Foreign trade indices.
In the 4th quarter alone, the index of import unit values fell by 7.7% following the drop in unit values of "energy and lubricants" by 30.3%, of "finished consumer products" (5.3%), "semi-finished products" (4%), "finished products of industrial equipment" (2%) and "crude products of mineral origin" (28.9%), said the same source. On the other hand, this index increased in "food, drinks and tobacco" by 1.2%.
The export unit value index fell by 0.9% in Q4-2020 due to the decline in unit values of "finished products of industrial equipment" by 2.7%, of "food, beverages and tobacco" (2.7%), "crude products of mineral origin" (5.3%) and "energy and lubricants" (29.3%).
The indices of the average values of "finished agricultural equipment products", "semi-finished products" and "finished consumer products" increased by 11.7%, 1.6% and 1.9. % respectively, thus mitigating the fall in the overall index of export unit values.