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Compiling and Using Export and Import Price Indices
Author:
Mr. Kimberly D. Zieschang
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and
Mr. Jemma Dridi
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Series:
IMF Working Papers
Volume/Issue:
Volume 2002: Issue 230
Language:
English
Publication Date:
01 Dec 2002
DOI:
https://doi.org/10.5089/9781451875515.001
ISBN:
9781451875515
ISSN:
1018-5941
Pages:
59
Keywords:
WP; trade price; exchange rate; base price; index number; Price index; international trade; economic statistics; unit value; GDP deflator; customs commodity class; Price indexes; Import price indexes; Export price indexes; Imports; Exports; Global; North America
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Export and import price indices are essential for assessing the impact of international trade on the domestic economy. Among their most important uses are analyzing developments in the trade balance, measuring foreign prices' contribution to domestic inflation, and deflating nominal values of exports and imports for estimating the volume of gross domestic product. This paper discusses the main uses of trade indices and the data sources used to compile them. It also presents various approaches used to compile foreign trade price indices, addresses various problems encountered in developing these indices, and provides some recommendations on how to address them.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund