SUNDAY, NOVEMBER 4, 1984
PRICE AND VOLUME MOVEMENTS OF AUGUST EXTERNAL TRADE
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DOMESTIC EXPORTS ROSE BY 21 PER CENT AND RE-EXPORTS BY 28 PER CENT IN VOLUME TERMS IN AUGUST 1984, COMPARED WITH AUGUST 1983, SO THAT TOTAL EXPORTS INCREASED BY 23 PER CENT, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.
IMPORTS INCREASED BY 12 PER CENT IN VOLUME TERMS.
PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 14 PER CENT AND 15 PER CENT RESPECTIVELY, SO THAT FOR TOTAL EXPORTS, PRICES WERE UP BY 14 PER CENT IN AUGUST 1984 OVER AUGUST 1983. PRICES OF IMPORTS ROSE BY 13 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) ROSE BY ONE PER CENT.
COMPARISON OF THE FIRST EIGHT MONTHS OF 1984 WITH THE SAME PERIOD LAST YEAR SHOWS THAT DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 23 PER CENT AND 32 PER CENT RESPECTIVELY IN VOLUME TERMS, WHILE IMPORTS GREW BY 17 PER CENT.
OVER THE PERIOD, THE PRICES OF DOMESTIC EXPORTS ROSE BY 15 PER CENT WHILE THOSE OF RE-EXPORTS AND IMPORTS BOTH ROSE BY 16 PER CENT.
COMPARISON OF THE 12 MONTHS TO AUGUST THIS YEAR WITH THE
12 MONTHS TO AUGUST 1983 SHOWS THAT THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE, ON AVERAGE, BY 16 PER CENT, AND THOSE OF IMPORTS BY 17 PER CENT.
OVER THIS PERIOD THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 22 PER CENT AND 30 PER CENT RESPECTIVELY, THUS GIVING A 25 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS. MEANWHILE, THE VOLUME OF IMPORTS ROSE BY 17 PER CENT.
PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT
CHANGES CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED.
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 SEEN FROM THIS TABLE THE EXPORT PRICES OF NEARLY ALL COMMODITY GROUPS INCREASED, FROM FOUR PER CENT FOR ELECTRONIC COMPONENTS TO 24 PER CENT FOR TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES. HOWEVER, DECREASES IN EXPORT PRICES WERE REGISTERED FOR METAL ORES AND SCRAP (-SEVEN PER CENT), AND WATCHES AND CLOCKS (-TWO PER CENT).
THE DOMESTIC EXPORT VOLUME OF MOST OF THE COMMODITY GROUPS INCREASED SIGNIFICANTLY.
/SUBSTANTIAL INCREASES