SUNDAY, AUGUST 5, 1984
1
EXPORT PRICES RISE
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MAY 1984 PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE, ON AVERAGE, BY 16 PER CENT AND 15 PER CENT RESPECTIVELY SO THAT FOR TOTAL EXPORTS, PRICES WERE UP BY 15 PER CENT AS COMPARED WITH MAY 1983, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
THE PRICES OF IMPORTS ROSE BY 16 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, A SPOKESMAN FOR THE DEPARTMENT SAID.
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 27 PER CENT AND 36 PER CENT RESPECTIVELY, SO THAT THE VOLUME OF TOTAL EXPORTS INCREASED BY 30 PER CENT.
MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY 16 PER CENT.
COMPARING FIGURES FOR THE FIRST FIVE MONTHS OF 1984 WITH THOSE FOR THE SAME PERIOD OF LAST YEAR, DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 27 PER CENT AND 34 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 AN INCREASE OF 17 PER CENT IN PRICES, IMPORTS GREW BY 20 PER CENT IN VOLUME TERMS.
A COMPARISON OF FIGURES FOR THE TWELVE MONTHS ENDING MAY THIS YEAR WITH THOSE FOR THE TWELVE MONTHS ENDING MAY 1983, SHOWED THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE, ON AVERAGE, BY 14 PER CENT, AND THOSE OF IMPORTS BY 16 PER CENT. THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 22 PER CENT AND 27 PER CENT RESPECTIVELY, THUS GIVING A 24 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS. MEANWHILE, THE VOLUME OF IMPORTS ROSE BY 16 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 SPOKESMAN SAID.
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 EXPORT PRICES OF ALL COMMODITY GROUPS INCREASED. FROM FOUR PER CENT FOR ELECTRONIC COMPONENTS TO 28 PER CENT FÖR TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES.
THE DOMESTIC