Press Release: Export Price Index (IPRIX) and Import Price Index (IPRIM) of Industrial Products. Base 2021. March 2025. Provisional data.

Main results

The annual rate of the IPRIX stood at 2.6% in March, 1.1 points lower than that registered in February.
The annual variation of the IPRIM was 2.0%, 1.8 points lower than in the previous month.

More information

Annual evolution of export prices

The annual rate for the Export Price Index (IPRIX) in March was 2.6%, 1.1 points below that recorded in February.

By economic use of the goods, all industrial sectors had a negative effect on the evolution of the annual rate of the IPRIX, among which the following stood out:

Energy, which decreased its annual rate by 14.7 points to 27.8%, as a result of lower prices for Electricity production, transmission and distribution and, to a lesser extent, Oil refining, compared to March 2024.
Intermediate goods, with an annual variation of 1.2%, seven tenths above that of the previous month, due to the decline in prices for the Production of precious metals and other non-ferrous metals and the Manufacture of basic chemicals, nitrogen compounds, fertilisers, plastics and synthetic rubber in primary forms, compared to the increase in the same month of the previous year.

The annual variation of the general index excluding Energy decreased by four tenths, to 1.0%, standing nearly 1.6 points below that of the general IPRIX.

Annual evolution of the IPRIX

General index and general index without Energy. Percentage

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Evolution of industrial prices, combining domestic and foreign markets

The Industrial Price Index of the domestic and foreign market, which is obtained as an aggregation of the IPRI and the IPRIX, fell in terms of its annual rate by 1.6 points in March to 4.2%. As for the annual variation of the general index without Energy, it decreased by two tenths, to 0.3%.

Annual evolution of the IPRI+IPRIX

General index and general index without Energy. Percentage

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Monthly evolution of export prices

Industrial export prices registered a monthly rate of -1.3%, as compared to the month of February.

A more detailed analysis shows the activities that most affected the monthly IPRIX rate in March.

Activities with the greatest positive contribution to the monthly rate of the IPRIX. March 2025

Activities with the greatest negative contribution to the monthly rate of the IPRIX. March 2025

Annual evolution of import prices

The Import Price Index (IPRIM) recorded an annual rate of 2.0% in March, 1.8 points lower than in February.

By economic use, all industrial sectors had a negative influence on the variation of the annual rate of the IPRIM, among which the following stood out:

Energy, whose variation of 5.1%, 7.4 points below that of February, resulted from the fall in prices for the Extraction of crude petroleum and natural gas, and, to a lesser extent, the Manufacture of coke and refined petroleum products, which increased in March last year.
Intermediate goods, which registered a rate of 1.8%, seven tenths below that of the previous month, due to stable prices in the Chemical industry, compared to an increase in the same month of 2024.

The annual variation rate of the overall index excluding Energy decreased five tenths, to 1.3%, which is six tenths below the rate of the general IPRIM.

Annual evolution of the IPRIM

General index and general index without Energy. Percentage

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      "0.2",
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Monthly evolution of import prices

In March, the monthly variation of the Import Price Index was -1.2%.

A more detailed analysis shows the activities that most affected the monthly IPRIM rate in March.

Activities with the greatest positive contribution to the monthly rate of the IPRIM. March 2025

Activities with the greatest negative impact on the monthly rate of the IPRIM. March 2025

Data revisions and updates

The INE has updated the IPRIX and IPRIM data for the last three months, making the December 2024 data final. All the results of this operation are available at INEbase.

In accordance with the Commission's Delegated Regulation (EU) 2023/137, the INE has begun to work on incorporating the new National Classification of Economic Activities CNAE-2025 in all its statistical operations.

In the case of IPRIX and IPRIM, the first publication of results with CNAE-2025 will take place in February 2028.

Methodological note

The Export Price Index (IPRIX) is a short-term indicator that measures the monthly evolution of the prices of industrial products manufactured in the domestic market and sold in the foreign market.

On the other hand, the Import Price Index (IPRIM) is a short-term indicator that measures the monthly evolution of the prices of industrial products from the rest of the world.

In order to obtain them, a continuous monthly survey is conducted, which every month investigates industrial establishments that carry out operations in the foreign market.

Type of survey:: monthly continuous survey.
Base year:: 2021.
Reference period of the weightings:: the year preceding the current year.
Population scope:: industrial establishments.
Sample size:: 4,100 industrial establishments for the IPRIX and 5,200 for the IPRIM.
Number of observations:: In the IPRIX approximately 15,000 monthly prices of 1,700 products and in the IPRIM about 19,000 prices of 2,100 products.
General calculation method:: Laspeyres’ Chain Index.
Collection method:: internet (IRIA system), e-mail, fax, telephone or postal mail.

For more information you can access the methodologies (IPRIX and IPRIM) and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and the Code of Best Practices.