MONDAY, JANUARY 9, 1984
OCTOBER PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE
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THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE, ON AVERAGE, BY 17 PER CENT SO THAT, FOR TOTAL EXPORTS, PRICES WERE ALSO UP BY 17 PER CENT IN OCTOBER 1983, AS COMPARED WITH OCTOBER 1982, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
MEANWHILE, THE PRICES OF IMPORTS ROSE BY 19 PER CENT.
AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE TOTAL EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) DROPPED BY ONE PER CENT.
THE VOLUME OF DOMESTIC EXPORTS ROSE BY 26 PER CENT AND THAT OF RE-EXPORTS ROSE BY 36 PER CENT SO THAT A 29 PER CENT INCREASE WAS RECORDED IN THE VOLUME OF TOTAL EXPORTS.
MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY 22 PER CENT,
SINCE THE PRICES OF DOMESTIC EXPORTS AND OF RE-EXPORTS BOTH INCREASED BY EIGHT PER CENT IN THE FIRST 10 MONTHS OF 1983 OVER THE SAME PERIOD OF 1982, DOMESTIC EXPORTS AND RE-EXPORTS BOTH GREW BY 14 PER CENT IN VOLUME TERMS.
AS THE PRICES OF IMPORTS WERE 11 PER CENT HIGHER OVER THE SAME PERIOD, IMPORTS RECORDED AN EIGHT PER CENT GROWTH IN VOLUME TERMS.
COMPARISON OF THE 12 MONTHS ENDING OCTOBER 1983 WITH THE 12 MONTHS ENDING OCTOBER 1982, THE PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND IMPORTS ROSE, ON AVERAGE, BY SEVEN PER CENT, EIGHT PER CENT AND NINE PER CENT RESPECTIVELY.
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH INCREASED BY 11 PER CENT, THUS GIVING AN 11 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS.
MEANWHILE, A SEVEN PER CENT INCREASE WAS ALSO RECORDED IN THE VOLUME OF IMPORTS.
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 VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP ARE SHOWN IN TABLE 1.
/AS SEEX