TUESDAY, M HA
CHINA WAS ONCE AGAIN THE LARGEST COUNTRY SUPPLYING GOODS FOR SUBSEQUENT RE-EXPORT. RE-EXPORTS OF CHINA ORIGIN INCREASED BY $1 859 MILLION OR 14 PER CENT, WITH THE LARGEST INCREASE REGISTERED IN CLOTHING (BY $873 MILLION OR 47 PER CENT).
RE-EXPORTS OF JAPAN ORIGIN ALSO GREW (BY $690 MILLION OR 8 PER CENT), PARTICULARLY FOR MUSICAL INSTRUMENTS, PARTS AND ACCESSORIES (BY $91 MILLION OR 46 PER CENT).
THE U.S. WAS THE LARGEST MARKET FOR RE-EXPORTS OF CHI ORIGIN, ACCOUNTING FOR 24 PER CENT OF ALL RE-EXPORTS OF un. ORIGIN THROUGH HONG KONG. THE COMMODITY WITH SUBSTANTL WAS CLOTHING (BY $577 MILLION OR 70 PER CENT).
NEARLY ONE THIRD OF THE RE-EXPORTS OF JAPAN ORIGI INDONESIA WITH THE HIGHEST GROWTH IN ROAD VEHICLES (T OR 6 PER CENT). RE-EXPORTS TO CHINA FELL BY $52 MILL TOM 1 PER CENT BUT RE-EXPORTS TO THE U.S. ROSE BY $830 MILL 17 PER CENT,
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THE VALUE OF AIRBORNE TRADE IN 1982, REPRESENTING : OF TOTAL MERCHANDISE TRADE, INCREASED BY $5 063 MILLION PER CENT OVER 1981. IN TERMS OF TONNAGE, AIRBORNE TRADE CONSTITUTED LESS THAN 1 PER CENT OF TOTAL TRADE.
AIRBORNE IMPORTS FROM THE U.S. ROSE BY $710 MILLION OR 14 PER CENT AND AIRBORNE EXPORTS TO THE U.S. ROSE BY $227 MILLION OR 2 PER CENT.
ANALYSED BY COMMODITY, IMPORTS OF PEARLS, PRECIOUS AND SEMI-PRECIOUS STONES SHIPPED BY AIR EXPERIENCED THE HIGHEST GROWTH (BY $1 526 MILLION OR 57 PER CENT), WHILST IN THE CASE OF EXPORTS BY AIR JEWELLERY, GOLDSMITHS AND SILVERSMITHS' WARES RECORDED THE HIGHEST GROWTH (BY $247 MILLION OR 28 PER CENT).
THE REVIEW ALSO PUBLISHES UNIT VALUE AND QUANTUM INDEXES WHICH ARE OFTEN USED TO ASSESS THE MOVEMENTS IN COMMODITY PRICES AND CHANGES IN TRADE VOLUME.
FROM JANUARY 1982, TRADE INDEXES WERE RE-BASED TO 1981 (LE. 1981 100). TRADE INDEXES FOR EARLIER PERIODS WHICH WERE BASED ON 1973 AS 100, ARE SPLICED TO THE NEW SERIES USING THE 1981 ANNUAL TRADE INDEXES (1973 = 100). HOWEVER, THE TWO SEPIES ARE NOT STRICTLY COMPARABLE DUE TO THE RE-CLASSIFICATION OF ITEMS AND CHANGES IN ITEM COVERAGE.
DURING 1982, THE TRADE VOLUMES FOR IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS DECREASED BY 2 PER CENT, 3 PEF CENT AND 3 PER CENT OVER 1981 RESPECTIVELY.
SUBSTANTIAL GROWTH WAS RECORDED IN THE EXPORT VOLUME OF WATCHES AND CLOCKS (BY 26 PER CENT) AND RE-EXPORT VOLUME OF FUELS (BY 17 PER CENT). SIGNIFICANT GROWTH WAS ALSO REGISTR IN THE IMPORT VOLUME OF FOODSTUFFS (BY 7 PER CENT).