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Import & Export Price Indices: April 2015
Import & Export Price Indices: April 2015
April 2015
www.singstat.gov.sg
(2012=100)
The Import Price Index fell 0.3 per cent in April 2015,
after remaining unchanged in March. The Oil index
rose 2.6 per cent, reversing the 1.8 per cent drop in the
previous month, due to higher crude petroleum and
diesel fuel & fuel oil prices. The Non-oil index
declined 1.1 per cent, in contrast to the 0.5 per cent
gain in the preceding month.
105
100
95
90
85
80
Apr
2003
Non-oil
Jul
Oct
Jan
2014
Apr
2003
2015
4
2
0
-2
-4
-6
-8
-10
-12
-14
Apr
2003
Jul
Oct
Jan
Apr
2003
2015
2014
2
0
-2
-4
-6
-8
-10
-12
-14
-16
-18
Apr
2003
2014
Jul
Oct
Jan
Apr
2003
2015
Overall
Non-oil
105
100
95
90
85
80
Apr
2003
Jul
Oct
Jan
Apr
2003
2015
2014
6
4
2
0
-2
-4
-6
-8
-10
-12
-14
Apr
2003
Jul
Oct
Jan
Apr
2003
2015
2014
6
4
2
0
-2
-4
-6
-8
-10
-12
-14
Apr
2003
2014
Jul
Oct
Jan
Apr
2003
2015
TECHNICAL NOTE
The Import Price Index (IPI) is used primarily as an indicator to track the price trends of imported
goods into Singapore. Prices of imports, valued at cif (cost, insurance and freight) are obtained
monthly from major importers. The weighting pattern of the index is derived from import statistics
for 2012.
The Export Price Index (EPI) measures changes in the price of all exports of merchandise from
Singapore, including re-exports. In general, prices are obtained from major exporters of the
selected commodities. Prices used in the index computation, are the prices of goods that
physically leave Singapores main ports of export; also termed as free on board prices. The
weights of the index are derived from the distribution of export by commodity in 2012.
Index Formula
The 2012-based series is compiled using the Laspeyres formula where the price and weight
reference periods are aligned to the year 2012. The geometric mean (GM) formula has been
adopted in the computation of unweighted elementary aggregate price indices. The arithmetic
mean (AM) formula is applied in compiling indices at higher levels of aggregation where weights
of specific sub-indices are available
An Information Paper on the Rebasing of Import and Export Price Indices (2012=100) is available
on the departments website at http://www.singstat.gov.sg/publications/publications-andpapers/economy#prices.
Dissemination of Data
The Import and Export Price Indices are published in the Monthly Digest of Statistics.
Weights
Index (2012=100)
Feb 2015
All Items
Non-oil Items
Mar 2015
Apr 2015
Mar 2015
Feb 2015
% Change
Apr 2015 Apr 2015
Mar 2015 Apr 2014
10,000
6,684
84.5
98.0
84.5
98.5
84.3
97.4
0.5
-0.3
-1.1
-12.7
0.1
215
9
26
28
28
21
37
12
28
3
23
103.6
103.4
102.7
104.1
103.9
100.4
114.1
87.8
109.9
100.5
90.6
102.8
101.2
104.0
102.7
103.6
101.0
110.1
88.7
110.0
99.8
90.4
101.2
102.7
102.2
98.3
102.5
99.9
108.1
86.6
110.3
98.9
88.5
-0.7
-2.2
1.2
-1.3
-0.4
0.6
-3.5
1.0
0.2
-0.7
-0.2
-1.6
1.5
-1.8
-4.3
-1.0
-1.1
-1.7
-2.3
0.3
-0.9
-2.1
-2.2
-0.3
0.2
-21.8
0.6
-1.0
4.4
-0.5
6.7
-7.5
-2.8
86
66
20
104.8
102.7
111.7
106.3
104.1
113.4
105.2
103.2
112.0
1.4
1.4
1.6
-1.0
-0.9
-1.3
3.7
1.9
9.3
83
1
1
17
5
3
26
21
9
89.3
110.8
99.2
58.4
95.0
102.1
97.5
88.4
114.4
90.2
111.5
99.8
57.9
94.5
102.5
98.5
89.9
116.7
89.7
107.0
100.3
56.5
94.8
101.9
97.4
90.9
116.3
1.0
0.6
0.5
-0.8
-0.5
0.3
1.1
1.6
2.1
-0.5
-4.0
0.6
-2.5
0.2
-0.5
-1.2
1.2
-0.3
-4.4
-0.8
14.4
-20.2
2.7
-3.1
-3.3
-1.8
-0.2
3,316
3,152
164
57.4
57.1
62.3
56.4
55.7
68.4
57.8
57.3
68.5
-1.8
-2.4
9.9
2.6
2.7
0.1
-39.2
-39.4
-35.7
37
36
1
75.2
74.5
96.7
74.2
73.6
90.5
72.1
71.5
90.0
-1.4
-1.2
-6.4
-2.8
-2.9
-0.6
-18.5
-19.0
-6.2
694
188
34
28
70
75
147
31
121
91.1
82.8
80.3
90.3
89.5
101.9
92.1
100.1
98.1
92.2
85.8
79.7
90.4
88.4
101.5
93.7
100.1
98.8
92.0
85.0
78.5
88.2
87.8
100.5
96.2
99.3
98.0
1.2
3.6
-0.7
0.1
-1.3
-0.4
1.7
-0.1
0.7
-0.2
-0.8
-1.5
-2.3
-0.7
-1.0
2.7
-0.7
-0.8
-6.5
-13.0
-0.5
-3.4
-7.2
-2.5
-8.6
-1.6
1.1
Manufactured Goods
Rubber manufactures nes
Paper manufactures
Textile manufactures
Non-metal mineral manufactures nes
Iron & steel
Non-ferrous metals
Manufactures of metals nes
635
32
50
31
83
179
116
144
97.9
97.0
101.8
102.0
105.0
96.8
88.7
100.7
97.7
97.3
103.2
103.2
105.7
95.5
88.0
100.7
96.0
96.2
102.2
102.4
104.6
93.8
84.3
99.5
-0.2
0.3
1.4
1.2
0.6
-1.3
-0.8
-
-1.8
-1.1
-1.0
-0.8
-1.1
-1.8
-4.2
-1.2
-2.0
1.1
3.1
2.5
2.7
-3.2
-10.9
-
4,205
298
352
31
328
495
422
2,116
163
98.6
116.0
92.9
92.7
99.6
103.3
79.5
99.8
99.3
99.2
117.4
94.8
93.2
99.8
102.8
79.5
100.5
99.1
98.0
115.4
94.8
92.2
98.9
101.7
78.5
99.1
97.8
0.6
1.2
2.1
0.5
0.3
-0.5
0.7
-0.2
-1.2
-1.7
-0.1
-1.0
-0.9
-1.0
-1.3
-1.4
-1.3
1.3
8.2
-0.8
-1.3
-1.8
5.9
-2.4
1.2
-4.5
729
16
25
25
64
16
207
99
277
100.8
102.3
99.1
113.4
106.3
103.7
110.0
97.5
92.6
100.9
103.4
99.2
113.8
106.0
103.7
111.6
97.1
91.7
100.0
102.4
99.2
113.5
105.0
103.7
109.7
96.6
91.5
0.1
1.1
0.1
0.3
-0.2
-0.1
1.5
-0.3
-1.0
-0.8
-1.0
-0.1
-0.3
-1.0
-1.8
-0.6
-0.2
2.7
2.5
0.5
2.4
0.6
-0.3
8.1
-2.3
1.2
Weights
Index (2012=100)
Feb 2015
All Items
Non-oil Items
Mar 2015
Apr 2015
Mar 2015
Feb 2015
% Change
Apr 2015 Apr 2015
Mar 2015 Apr 2014
10,000
7,395
89.9
99.8
90.2
100.8
88.8
98.8
0.4
1.1
-1.5
-2.0
-7.6
2.0
124
2
7
9
7
8
6
29
6
50
103.6
107.2
110.3
98.5
104.1
130.1
90.3
112.1
116.0
94.5
103.9
107.6
113.8
99.1
104.1
128.0
89.1
112.3
117.6
94.8
103.9
107.6
113.1
99.8
103.7
130.0
88.0
109.8
115.9
96.2
0.3
0.3
3.2
0.5
-1.7
-1.4
0.1
1.4
0.4
-0.6
0.8
-0.4
1.6
-1.2
-2.2
-1.4
1.4
3.8
3.3
-9.3
4.9
1.8
12.5
0.7
3.6
18.6
3.4
87
66
21
105.5
102.4
115.2
106.7
103.6
116.6
105.1
102.0
115.0
1.2
1.1
1.2
-1.5
-1.6
-1.4
5.7
4.3
10.0
60
15
2
6
3
29
5
78.1
51.8
103.5
98.9
95.9
79.9
99.9
78.3
52.5
102.5
99.1
95.4
80.1
99.7
77.9
51.7
100.5
97.5
95.4
80.1
100.2
0.3
1.2
-1.0
0.2
-0.5
0.2
-0.1
-0.5
-1.5
-2.0
-1.7
0.5
-7.2
-15.8
0.7
5.4
-1.8
-9.0
-3.0
2,605
2,595
10
61.7
61.8
59.0
59.9
59.9
58.0
60.4
60.4
56.7
-3.0
-3.0
-1.7
0.8
0.8
-2.3
-35.7
-35.7
-37.7
8
1
5
2
87.4
103.0
83.0
96.5
87.9
103.0
83.8
96.2
85.7
103.0
80.8
95.8
0.6
1.0
-0.3
-2.5
-3.7
-0.4
-8.1
-1.5
-11.1
-1.8
1,344
498
13
32
228
127
289
29
128
96.0
91.4
97.2
95.7
99.4
104.3
91.8
102.2
107.9
97.9
93.6
96.6
93.5
100.5
104.7
95.7
105.1
108.1
97.5
93.0
95.1
91.0
98.7
104.0
97.4
103.2
107.0
2.0
2.5
-0.7
-2.3
1.1
0.4
4.2
2.8
0.2
-0.5
-0.7
-1.6
-2.7
-1.9
-0.7
1.8
-1.8
-1.0
-2.1
-5.1
-0.7
-2.4
3.8
-1.7
-5.7
3.7
5.7
381
26
2
40
20
31
96
76
90
99.5
97.9
117.8
105.6
109.8
89.8
97.6
95.0
103.8
99.6
98.4
120.2
106.7
108.4
90.3
98.2
92.8
104.8
97.1
97.0
118.7
105.2
108.8
89.3
96.4
87.4
102.3
0.6
2.0
1.0
-1.2
0.6
0.6
-2.4
0.9
-2.4
-1.4
-1.2
-1.3
0.3
-1.1
-1.8
-5.8
-2.4
-2.7
-2.2
6.6
4.8
5.4
-1.1
-2.7
-14.5
1.4
4,595
188
397
28
243
680
336
2,582
141
101.6
104.5
101.6
102.9
103.7
104.1
90.6
101.7
107.1
102.7
104.8
99.9
104.0
104.4
105.6
90.6
103.3
108.1
100.0
103.7
98.5
103.2
103.0
104.5
89.3
99.5
106.0
1.0
0.4
-1.8
1.0
0.7
1.4
1.6
0.9
-2.7
-1.1
-1.4
-0.8
-1.3
-1.0
-1.4
-3.7
-1.9
3.5
2.6
-1.0
1.7
3.7
9.5
-3.2
3.8
0.2
796
6
5
11
33
8
264
86
383
95.9
108.7
104.9
124.2
102.1
101.7
103.2
95.1
89.2
96.4
111.1
103.5
127.7
102.1
101.9
104.8
96.1
88.9
95.7
109.8
102.3
125.9
101.5
102.2
103.6
95.4
88.4
0.6
2.2
-1.4
2.8
0.2
1.5
1.0
-0.4
-0.8
-1.2
-1.1
-1.4
-0.6
0.2
-1.1
-0.7
-0.6
2.8
-3.9
-2.1
9.6
0.7
1.8
9.1
-3.0
-0.1
Section
All
Items
Non-oil
Items
Food &
Live
Animals
Weights
10,000
6,684
215
Beverages
&
Tobacco
Crude
Materials
Mineral
Fuels
86
83
3,316
Manufactured
Goods
Machinery
&
Transport
Equipment
Misc.
Manufactured
Articles
37
694
635
4,205
729
Index (2012=100)
2011
2012
2013
2014
100.3
100.0
97.2
94.5
101.3
100.0
97.9
97.3
102.6
100.0
100.9
104.2
98.5
100.0
101.1
102.1
106.2
100.0
95.7
93.4
97.4
100.0
95.9
88.8
108.8
100.0
83.1
82.1
100.5
100.0
98.9
97.9
104.4
100.0
97.2
97.7
101.4
100.0
97.9
96.8
97.4
100.0
97.4
97.4
2014
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
96.6
96.5
96.6
96.0
95.0
94.2
91.4
89.3
85.0
97.3
97.3
97.0
96.8
96.8
96.8
96.5
97.0
97.3
103.5
104.7
104.8
105.1
104.8
104.8
103.8
105.1
103.6
101.5
101.4
101.4
102.3
102.3
102.6
103.2
103.8
104.3
93.8
93.3
92.8
92.9
92.8
92.3
92.0
92.0
92.0
95.0
94.9
95.7
94.3
91.4
89.1
81.1
73.8
60.1
88.5
86.7
83.5
82.7
77.4
75.4
76.8
76.5
73.7
98.4
98.4
98.4
97.9
97.9
97.8
97.1
96.2
94.6
98.0
98.2
97.9
97.8
97.7
97.5
97.0
97.4
97.8
96.7
96.7
96.4
96.1
96.2
96.3
96.0
96.7
97.3
97.4
97.2
96.9
96.8
96.8
96.7
97.1
97.4
98.7
2015
Jan
Feb
Mar
Apr
80.8
84.5
84.5
84.3
97.4
98.0
98.5
97.4
103.7
103.6
102.8
101.2
104.2
104.8
106.3
105.2
90.0
89.3
90.2
89.7
47.3
57.4
56.4
57.8
75.2
75.2
74.2
72.1
91.1
91.1
92.2
92.0
97.2
97.9
97.7
96.0
97.9
98.6
99.2
98.0
99.9
100.8
100.9
100.0
-0.3
-2.8
-2.8
-1.3
-2.1
-0.6
-2.5
0.9
3.3
1.5
1.1
1.0
-5.8
-4.3
-2.4
2.6
-4.2
-7.3
-8.1
-16.9
-1.2
-0.5
-1.1
-0.9
-4.2
-2.8
0.5
-1.4
-2.1
-1.1
2.7
-2.6
-
2014
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
0.7
0.8
-0.2
-1.2
-3.0
-3.5
-5.4
-7.7
-13.1
-0.3
-0.4
-1.3
-1.2
-1.4
-1.0
-0.5
-0.1
-0.4
3.6
4.7
4.3
3.7
2.8
2.3
1.3
2.9
1.3
0.4
0.1
-0.3
0.6
0.4
0.7
1.7
3.8
4.2
-1.8
-2.4
-2.1
-0.8
-2.3
-2.4
-3.3
-3.1
-3.6
2.9
3.2
2.0
-1.3
-6.2
-8.5
-15.4
-23.1
-38.6
6.9
3.8
-1.0
1.1
-4.1
-6.7
-5.3
-10.6
-14.5
0.5
0.7
-0.1
-0.9
-1.1
-1.4
-1.8
-2.8
-5.4
1.2
1.3
1.6
1.3
0.2
0.5
1.0
0.7
-0.9
-1.2
-2.3
-2.2
-2.0
-1.3
-0.7
-0.2
-0.3
0.2
-0.4
0.5
-0.6
-0.6
0.9
1.5
2.8
2015
Jan
Feb
Mar
Apr
-17.4
-13.6
-13.2
-12.7
-0.8
-0.2
0.5
0.1
-0.1
-0.1
-0.4
-2.2
3.8
3.8
5.1
3.7
-5.6
-8.0
-4.6
-4.4
-51.2
-41.1
-41.3
-39.2
-11.3
-13.3
-19.1
-18.5
-8.5
-8.3
-7.3
-6.5
-0.6
0.1
-0.1
-2.0
-0.1
0.8
1.7
1.3
2.6
2.7
2.5
2.7
Section
All
Items
Non-oil
Items
Food &
Live
Animals
Weights
10,000
7,395
124
Beverages
&
Tobacco
Crude
Materials
Mineral
Fuels
87
60
2,605
Manufactured
Goods
Machinery
&
Transport
Equipment
Misc.
Manufactured
Articles
1,344
381
4,595
796
Index (2012=100)
2011
2012
2013
2014
101.1
100.0
97.3
95.0
102.1
100.0
98.2
97.3
102.8
100.0
96.6
101.5
98.2
100.0
98.1
100.2
113.0
100.0
90.6
84.0
97.8
100.0
94.6
88.6
107.2
100.0
93.2
90.4
100.9
100.0
99.7
100.3
105.1
100.0
98.8
99.3
102.3
100.0
98.3
96.9
99.8
100.0
96.0
93.6
2014
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
96.1
95.7
95.9
95.1
94.9
94.9
93.4
93.2
90.0
96.9
96.4
96.4
96.1
96.6
97.2
97.6
98.6
98.9
100.1
100.3
101.4
102.3
102.0
102.4
102.7
103.0
103.7
99.4
99.3
99.5
99.2
99.0
99.7
101.4
103.0
103.5
84.0
84.0
84.7
84.3
84.2
83.8
82.7
81.2
80.6
93.9
93.7
94.4
92.5
90.1
88.6
81.4
77.8
64.8
93.2
92.7
91.3
89.6
89.3
88.5
86.8
87.8
87.4
99.6
99.4
99.3
100.0
100.7
101.3
101.1
100.8
99.7
99.8
99.5
99.7
99.5
99.5
99.1
98.4
99.4
99.7
96.6
95.9
95.9
95.1
95.7
96.5
97.1
98.6
99.3
93.0
92.6
93.1
93.1
93.4
93.4
94.2
94.5
95.1
2015
Jan
Feb
Mar
Apr
87.4
89.9
90.2
88.8
98.9
99.8
100.8
98.8
104.2
103.6
103.9
103.9
104.9
105.5
106.7
105.1
78.6
78.1
78.3
77.9
54.9
61.7
59.9
60.4
87.1
87.4
87.9
85.7
95.9
96.0
97.9
97.5
99.4
99.5
99.6
97.1
100.3
101.6
102.7
100.0
95.5
95.9
96.4
95.7
-1.1
-2.7
-2.3
-2.1
-1.8
-0.9
-2.7
-3.4
5.0
1.8
-2.0
2.2
-11.5
-9.4
-7.2
2.3
-5.4
-6.3
-6.7
-6.8
-3.0
-0.9
-0.3
0.7
-4.9
-1.2
0.5
-2.2
-1.7
-1.4
0.3
-4.0
-2.5
2014
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
-0.1
-0.3
-1.7
-3.2
-3.4
-3.1
-3.3
-3.3
-7.2
-1.1
-1.5
-2.5
-3.2
-2.6
-2.0
0.1
1.3
1.3
5.9
6.0
6.0
5.4
4.0
4.5
5.4
4.4
4.7
3.3
3.5
2.6
-0.3
-1.9
-0.1
3.4
4.8
4.8
-8.7
-7.2
-5.9
-4.7
-5.1
-5.5
-5.7
-6.8
-8.4
2.9
3.1
0.7
-3.3
-5.9
-6.2
-13.1
-16.6
-32.0
-0.1
-1.9
-2.6
-4.0
-2.4
-2.6
-4.3
-5.4
-6.0
0.8
1.5
0.1
0.4
-0.1
0.6
0.9
-0.9
1.6
1.7
1.5
1.4
-0.1
0.1
-0.2
1.5
1.2
-1.5
-2.3
-3.6
-4.7
-3.8
-3.0
-0.4
1.3
1.8
-3.9
-4.4
-4.3
-3.8
-2.0
-1.2
1.1
1.3
1.8
2015
Jan
Feb
Mar
Apr
-10.0
-7.5
-6.9
-7.6
1.1
2.3
3.3
2.0
4.2
3.6
3.6
3.8
5.5
5.9
6.9
5.7
-10.1
-9.3
-7.8
-7.2
-42.5
-35.6
-36.7
-35.7
-5.7
-5.0
-6.1
-8.1
-5.0
-4.5
-2.4
-2.1
0.5
0.6
0.1
-2.7
2.9
4.4
5.4
3.5
2.1
2.7
2.7
2.8
NOTATIONS
nes
-
NOTES
The Import and Export Price Indices report contains statistics that are the most recent
available at the time of its preparation.
Some statistics, particularly those for the most recent time periods, are provisional
and may be subject to revision in later issues.