Retained imports
2.9
Comparing the third quarter of 1986 with the same quarter in 1985, retained imports grew by 29% in value terms,
or an estimated 17% in real
real terms. Retained imports in the
major end-use categories showed different movements, however, as the following table shows:
comparison
Foodstuffs goods Fuels
Year-on-
year
Growth rates in real terms of retained imports by end-use category (%)
and semi- manufactures
Raw materials
Consumer
Capital goods
1985/1984
5
3
-6
-10
- 3
1985/1984 H1
-1
H2
10
05
0
-13
6
-11
-6
-12
Q1
-4
10
0
-12
13
Q2
1
-8
1
-13
1
Q3
11
-1
-16
-15
26
Q4
10
11
- 5
3
-10
1986/1985 H1
13
10
15
14
-6
Q1
14
4
14
5
0
Q2
11
17
16
22
-11
03*
7
6
2
31
10
Note: (*)
Estimated using trade
August 1986.
indices
available up to
2.10
A number of significant developments can be
observed. First, retained imports of raw materials and
semi-manufactures grew by about 31/ in real terms in the third quarter of this year compared with a year ago, following growth rates of 5% in the first quarter and 22% in
the second quarter. This suggests that domestic export
performance is
is likely to remain strong for
remain strong for the time being.
Second, reflecting a firm consumer demand, retained imports of foodstuffs and of consumer goods continued to grow, by
about 7% and 6% respectively in real terms in the third quarter over the same quarter last year. Third, reflecting a
significant
in investment intentions, retained
revival
/imports
14