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NOTE TO EDITORS:
COPIES OF SIR PHILIP'S SPEECH ARE AVAILABLE FOR COLLECTION FROM GIS PRESS ROOM.
TRADE PRICE AND VOLUME CHANGES IN 1980
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ACCORDING TO ECONOMIC STATISTICS RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT, THE PRICES OF DOMESTIC EXPORTS AND OF IMPORTS ROSE IN 1980 BY 10 PER CENT AND 9 PER CENT RESPECTIVELY OVER 1979.
AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE DOMESTIC EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) IMPROVED SLIGHTLY, BY 1 PER CENT. A LARGER INCREASE IN VOLUME WAS REGISTERED FOR IMPORTS (+19%) THAN FOR DOMESTIC EXPORTS (+11%). ON THE OTHER HAND, THE PRICES OF RE-EXPORTS INCREASED BY 10 PER CENT, WITH VOLUME UP BY 37 PER CENT, SO THAT FOR TOTAL EXPORTS, PRICES ROSE BY 10 PER CENT AND VOLUME BY 18 PER CENT.
PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED. CHANGES IN THE VOLUME OF TRADE ARE DERIVED FROM CHANGES IN TRADE VALUES, AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES.
THE CHANGES IN THE VALUES, UNIT VALUES AND VOLUMES OF DOMESTIC EXPORTS BY COMMODITY GROUP ARE SHOWN BELOW:
CHANGES COMPARING 1980 WITH 1979
EXPORT VALUES
EXPORT UNIT
EXPORT
VALUES
VOLUMES
CLOTHING (EXCEPT FUR)
+ 16%
+ 11%
49%
TEXTILE FABRICS
+ 11%
6%
5%
TEXTILE YARN AND THREAD
9%
7%
2%
TEXTILE MADE-UPS AND
RELATED ARTICLES
+ 15%
+ 12%
3%
ALL TRANSISTORIZED RADIOS
+ 30%
5%
+ 23%
ELECTRONIC COMPONENTS
+ 45%
+ 13%
+ 28%
FOOTWEAR
+ 20%
+ 10%
+ 10%
METAL MANUFACTURES
+ 33%
+ 17%
+ 13%
METAL ORES AND SCRAP
+108%
+ 11%
+ 88%
WATCHES AND CLOCKS
+ 4496
6%
• 54%
ALL COMMODITIES
+ 22%
+ 10%
+ 11%
APART FROM