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FRIDAY, OCTOBER 4, 1985
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PRICES, VOLUME CHANGES IN JULY EXTERNAL TRADE ******
COMPARING THE FIRST SEVEN MONTHS OF 1985 WITH THE SAME PERIOD LAST YEAR, THE VOLUME OF DOMESTIC EXPORTS DECLINED BY SEVEN PER CENT WHILE THAT OF RE-EXPORTS GREW BY 35 PER CENT, GIVING AN EIGHT PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS, ACCORDING TO STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
IMPORTS INCREASED BY EIGHT PER CENT IN VOLUME TERMS. OVER THE SAME PERIOD, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY TWO PER CENT AND THREE PER CENT RESPECTIVELY WHILE THOSE OF IMPORTS DROPPED BY THREE PER CENT.
COMPARING JULY 1985 WITH JULY 1984, THE VOLUME OF TOTAL EXPORTS INCREASED BY TWO PER CENT, WITH AN INCREASE OF 27 PER CENT IN THE VOLUME OF RE-EXPORTS MORE THAN OFFSETTING THE DECLINE OF 11 PER CENT IN THAT OF DOMESTIC EXPORTS. OVER THE SAME PERIOD, THE VOLUME OF IMPORTS REMAINED UNCHANGED,
PRICES OF DOMESTIC EXPORTS DECREASED BY ONE PER CENT IN JULY 1985 COMPARED WITH JULY 1984, WHILE THOSE OF RE-EXPORTS AND TOTAL EXPORTS SHOWED NO CHANGE. PRICES OF IMPORTS DECREASED BY FIVE 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 FIVE PER CENT.
EXTENDING THE PERIOD OF COMPARISON TO THE 12 MONTHS ENDING JULY 1985 WITH THE 12 MONTHS ENDING JULY 1984, THE VOLUME OF DOMESTIC EXPORTS REMAINED UNCHANGED, WHILE THAT OF RE-EXPORTS
INCREASED BY 32 PER CENT, GIVING AN INCREASE OF 11 PER CENT IN THE VOLUME OF TOTAL EXPORTS. MEANWHILE, THE VOLUME OF IMPORTS ROSE BY NINE PER CENT. PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND IMPORTS ROSE, ON AVERAGE, BY FIVE PER CENT, SIX PER CENT AND ONE PER CENT RESPECTIVELY,
PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED, EXCEPT FOR SOME SELECTED COMMODITIES FOR WHICH SPECIFICATION PRICE INDEXES ARE COMPILED. 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 FOR JULY AND FOR JANUARY-JULY OF 1985 ARE SHOWN IN TABLE 1.
/AS SEEN
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