The Import and Export Price Indexes (MXP) measure the changes in prices of a basket of imported and exported goods and services. The indexes are calculated using data from the National Accounts and are released monthly.
The import and export price indexes are important indicators of inflation and can be used to measure the competitiveness of a country's exports. The indexes can also be used to identify trends in international trade.
What are the factors that import prices?
Factors that affect import prices include:
1) The dollar's exchange rate: A stronger dollar means that imported goods will be more expensive for U.S. consumers, while a weaker dollar makes imports cheaper.
2) The price of oil: Oil is a major input for many industries, and so higher oil prices will tend to raise the prices of imported goods.
3) The prices of other countries' goods: If the prices of goods in other countries are rising, then the prices of imports will also tend to rise.
4) Transportation costs: Higher transportation costs will make imported goods more expensive.
5) Trade barriers: Trade barriers, such as tariffs and quotas, can make imported goods more expensive. What is price index in economics? A price index is a measure of the average change in prices over time. Price indexes are used to measure inflation and deflation. The most common price index is the consumer price index (CPI). What are the three price indices? The three most common price indices are the Consumer Price Index (CPI), the Producer Price Index (PPI), and the Personal Consumption Expenditures Price Index (PCEPI).
The CPI measures the average change in prices paid by consumers for a basket of goods and services. The PPI measures the average change in prices received by producers for their output. The PCEPI measures the average change in prices paid by consumers for personal consumption expenditures. What is the name given to the difference between the import and export of any country? The name given to the difference between the import and export of any country is the trade balance.
What are the relations between terms of trade and gains of international trade?
In general, the terms of trade (ToT) is the ratio of a country's export prices to its import prices. The ToT can be used to measure a country's gains from trade because it provides information on the relative prices of a country's exports and imports. A country's ToT will improve if its export prices rise relative to its import prices. This will lead to an increase in the country's real income from trade. There are a number of factors that can affect a country's ToT, including changes in international prices, changes in the country's own relative prices, and changes in the country's exchange rate.