SUNDAY, FEBRUARY 5, 1984
NOVEMBER PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE
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THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE, ON AVERAGE, BY 17 PER CENT AND 16 PER CENT RESPECTIVELY SO THAT, FOR TOTAL EXPORTS, PRICES WERE UP BY 17 PER CENT IN NOVEMBER 1983 OVER NOVEMBER 1982, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
MEANWHILE, THE PRICES OF IMPORTS ALSO ROSE BY 17 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) REMAINED AT 99.
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE BY 25 PER CENT, SO THAT THE VOLUME OF TOTAL EXPORTS ALSO INCREASED BY 25 PER CENT.
MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY 19 PER CENT.
SINCE THE PRICES OF DOMESTIC EXPORTS AND OF RE-EXPORTS BOTH INCREASED BY NINE PER CENT IN THE FIRST ELEVEN MONTHS OF 1983 OVER THE SAME PERIOD OF LAST YEAR, DOMESTIC EXPORTS AND RE-EXPORTS BOTH GREW BY 15 PER CENT IN VOLUME TERMS.
AS THE PRICES OF IMPORTS WERE 11 PER CENT HIGHER OVER THE SAME PERIOD, IMPORTS RECORDED A NINE PER CENT GROWTH IN VOLUME TERMS,
COMPARISON OF THE 12 MONTHS ENDING NOVEMBER CAST YEAR WITH THE 12 MONTHS ENDING NOVEMBER 1982 SHOWS THAT THE PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND IMPORTS ROSE, ON AVERAGE, BY EIGHT PER CENT, NINE PER CENT AND 10 PER CENT RESPECTIVELY.
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH INCREASED BY 14 PER CENT THUS GIVING A 14 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS.
MEANWHILE, THE VOLUME OF IMPORTS ROSE BY NINE 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
VALUES, AFTER DISCOUNTING THE
TRADE ARE DERIVED FROM CHANGES IN TRADE 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 SEEN FROM TABLE 1, THE EXPORTS PRICES OF ALL COMMODITY GROUPS INCREASED, FROM FIVE PER CENT FOR RADIOS OF ALL KINDS TO 21 PER CENT FOR CLOTHING,
DOMESTIC EXPORT VOLUME OF NEARLY ALL COMMODITY GROUPS INCREASED, THE MORE SIGNIFICANT ONES BEING DOMESTIC ELECTRICAL APPLIANCES (+58%), TEXTILE MADE-UPS AND RELATED ARTICLES (+57%) AND ELECTRONIC COMPONENTS (+52%). HOWEVER, DECREASES IN DOMESTIC EXPORT VOLUME WERE RECORDED FOR WATCHES AND CLOCKS (-49%), AND METAL ORES AND SCRAP (-12%).
THE CHANGES