Growth rates in real terms
of domestic exports by major market (%)
Year-on-year comparison
USA
China
FR Germany
UK
Japan
1985/1984
-7
33
-14
-18
- 12
1985/1984 H1
- 11
70
-21
-17
-11
222222
H2
- 4
7
-7
-18
12
Q1
- 6
Q2
-14
Q3
-11
Q4
5
762
∞ 52 I
87
- 20
-13
-3
56
-21
-21
-18
21
-18
- 22
- 15
- 4
4
-14
-9
1986/1985
H1
LO
5
-9
29
7
12
Q1
1
-22
18
- 3
6
Q2
8
3
40
16
18
Q3*
11
32
51
23
28
Note: (*)
Estimated using trade indices available up to August 1986.
2.3
a
last quarter
year,
As in the first half of 1986, the third quarter saw
faster growth in domestic exports to
exports to the major markets in Europe and to Japan than to the United States. Comparing the
third quarter of 1986 with the same domestic exports to the United States grew by about 11% in real terms. The growth rates in real terms of domestic exports to China, the Federal Republic of Germany, the United Kingdom and Japan were much higher, at about 32%,
about 32%, 51%, 23%
and 288 respectively. The corresponding growth rates in value terms for these five major markets were 13%, 35%, 55%, 28% and 36%. The significant recovery in domestic exports to China in the recent months suggests that the effect of
China's tightening of control since April 1985 over its foreign exchange spending may have largely been absorbed.
8
/Domestic
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