- 1.26% Quarterly decrease on IMUVI of third quarter 2024
- 1.48% Annual decrease on IMUVI of third quarter 2024 compared with counterpart in 2023.
The National Planning Council has released the Quarterly Import Unit Value Index (IMVUI) for the third quarter of 2024 based on 2018. The IMVUI of the third quarter reached 107.55 points showing a decrease of 1.26% when compared to second quarter-2024. Compared to counterpart in 2023 (Q3-2023), [Y-o-Y basis], A decrease of 1.48% has been recorded in the general index (IMUVI) of this quarter. IMUVI contains ten main groups classified based on Standard International Trade Classification.
Comparing Q3 of 2024 with the previous Quarter(Q2-2024):
An analysis [on Q-o-Q basis] of IMUVI of Q3- 2024 compared with IMUVI, Q2-2024, showed that there were six main groups, where respective indices in this quarter have a decreased. namely: “Beverages and Tobacco" by 2.42%, followed by “Machinery and transport equipment" by 2.38%, “Mineral fuels, lubricants and related materials by 2.29%, “Miscellaneous manufactured articles" by 2.13%, “Animal and vegetable oils, fats and waxes" by 2.12%, and “Manufactured goods classified chiefly by material" by 0.73%. An increase has been record in “Commodities and transactions not classified elsewhere in SITC" by 5.82%, followed by “Chemicals and related products" by 0.72%, “Crude materials, inedible, except fuels" by 0.21%, and “Food and live animals" by 0.13%.
Comparing Q3 of 2024 with the counterpart in previous year (Q3-2023):
A comparison of IMUVI Q3-2024 with the IMVUI Q3-2023 (Annual Change), a decrease has been recorded in the general index (IMUVI), by 1.48%. This [Y-o-Y] value decreases primarily due to the unit value decline in seven groups namely: “Mineral fuels, lubricants and related materials" by 9.85%, followed by “Animal and vegetable oils, fats and waxes" by 6.54%, “Miscellaneous manufactured articles" by 5.48%, “Manufactured goods classified chiefly by material" by 4.69%, “Chemicals and related products" by 2.75%, “Food and live animals" by 2.11%, and “Beverages and Tobacco" by 0.53%. An increase has been shown in “Commodities and transactions not classified elsewhere in SITC" by 26.38%, “Machinery and transport equipment" by 0.97%, and “Crude materials, inedible, except fuels" by 0.46%.
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