IMUVI decreases by 0.49% in third quarter of 2022

THE Planning and Statistics Authority (PSA) has released the quarterly Import Unit Value Index (IMVUI) for the third quarter of 2022 based on 2013. The IMVUI of the third quarter reached 101.24 points showing a decrease of 0.83 percent when compared to the second quarter of 2022.

Compared to the third quarter of 2021, a decrease of 0.49 percent has been recorded in the general index (IMUVI) of this quarter. IMUVI contains ten main groups classified based on Standard International Trade Classification.

Compared with the second quarter of 2022, the IMUVI showed that there were eight main groups, where respective indices in this month have decreased namely ‘Beverages and Tobacco’ by 7.31 percent, followed by ‘manufactured goods classified chiefly by material’ by 3.81 percent, ‘chemicals and related products’ by 1.32 percent, ‘miscellaneous manufactured articles’ by 1.12 percent, “food and live animals” by 1.07 percent, ‘animal and vegetable oils, fats and waxes’ by 1 percent, ‘mineral fuels, lubricants, and related materials’ by 0.33 percent, and ‘machinery and transport equipment’ by 0. 15 percent.

An increase has been recorded in “crude materials, inedible, except fuels’ by 5.25 percent. No change is noticed in ‘commodities and transactions not classified elsewhere in SITC”.

A comparison of the IMUVI of the third quarter of 2022 with the IMVUI of the same quarter in 2021 shows a decrease has been recorded in the general index (IMUVI) by 0.49 percent. This Y-o-Y value decreases primarily due to the

Compared with the second quarter of 2022, the IMUVI showed that there were eight main groups, where respective indices in this month have decreased

unite value drop in five groups namely “manufactured goods classified chiefly by material’ by 1.85 percent, followed by ‘mineral fuels, lubricants and related materials by 1.81 percent, ‘beverages and tobacco’ by 1.05 percent, ‘food and live animals by 0.82 percent and ‘machinery and transport equipment by 0.59 percent.

An increase has been shown in three groups namely “crude materials, inedible, except fuels’ by 1.26 percent, followed by ‘chemicals and related products by 0.74 percent, and ‘miscellaneous manufactured articles’ by 0.39 percent.

No change is noticed in ‘animal and vegetable oils, fats and waxes’ and ‘commodities and transactions not classified elsewhere in SITC”.