Import, export prices fall YoY

The decrease in the Non-oil index was due to the Machinery & Transport Equipment index.

The Import Price Index fell 6.5% year on year in June, whilst the Export Price Index fell 7.8%.

For imports, the Oil and Non-oil indices dipped 19% and 2.4%, respectively.

The decrease in the Non-oil index was due to the Machinery & Transport Equipment index, attributed to lower prices of electrical machinery apparatus.

The Chemicals & Chemical Products, Manufactured Goods and Animal & Vegetable Oils indices also contributed to the decrease.

The declines were partially moderated by increases in the Miscellaneous Manufactured Articles, Food & Live Animals, Beverages & Tobacco and Crude Materials indices.

As for exports, the Oil and Non-oil indices fell 18.6% and 5%, respectively.