Compiling and Using Export and Import Price Indices

December 1, 2002

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Format: Chicago

Kimberly D. Zieschang, and Jemma Dridi. Compiling and Using Export and Import Price Indices, (USA: International Monetary Fund, 2002) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Export price indexes, Exports, Import price indexes, Imports, International trade, Price indexes, Prices

Keywords: Base price, Customs commodity class, Economic statistics, Exchange rate, Export price indexes, Exports, GDP deflator, Global, Import price indexes, Imports, Index number, International trade, North America, Price index, Price indexes, Trade price, Unit value, WP

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2002/230
Stock No:

WPIEA2302002
ISBN:

9781451875515
ISSN:

1018-5941

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