TUESDAY, JUNE 5, 1984
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I
PRICE AND VOLUME MOVEMENTS OF MARCH EXTERNAL TRADE
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MARCH 1984 PRICES OF TOTAL EXPORTS, DOMESTIC EXPORTS,
RE-EXPORTS, AND IMPORTS ALL ROSE, ON AVERAGE, BY 17 PER CENT COMPARED WITH MARCH 1983 PRICES, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
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 THE LEVEL OF MARCH 1983.
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 36 PER CENT AND 42 PER CENT RESPECTIVELY, SO THAT THE VOLUME OF TOTAL EXPORTS INCREASED BY 38 PER CENT.
THE VOLUME OF IMPORTS INCREASED BY 24 PER CENT.
A COMPARISON OF FIGURES FOR THE FIRST QUARTER OF 1984 WITH THOSE FOR THE SIMILAR QUARTER OF LAST YEAR, SHOWS THAT DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 30 PER CENT AND 37 PER CENT RESPECTIVELY IN VOLUME TERMS.
THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH INCREASED BY 16 PER CENT. AFTER ALLOWING FOR THE EFFECT OF PRICE INCREASE OF 17 PER CENT, IMPORTS RECORDED A 22 PER CENT GROWTH IN VOLUME TERMS.
A COMPARISON OF THE TWELVE MONTHS ENDING MARCH THIS YEAR WITH THE TWELVE MONTHS ENDING MARCH 1983, SHOWED THE PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND IMPORTS ROSE, ON AVERAGE, BY 12 PER CENT, 13 PER CENT AND 15 PER CENT RESPECTIVELY.
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 20 PER CENT AND 24 PER CENT RESPECTIVELY, THUS GIVING A 21 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS. THE VOLUME OF IMPORTS ROSE BY 15 PER CENT,
A CENSUS AND STATISTICS DEPARTMENT SPOKESMAN EXPLAINED THAT 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.
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THE CHANGES IN THE VALUE. UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP ARE SHOWN IN TABLE 1.
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AS SEEN FROM TABLE 1. THE EXPORT PRICES OF ALL COMMODITY GROUPS INCREASED, FROM SIX PER CENT FOR WATCHES AND CLOCKS TO 28 PER CENT FOR FOOTWEAR.
/THE DOMESTIC