MONDAY, DECEMBER 8, 1986
PRICE, VOLUME MOVEMENTS OF SEPTEMBER EXTERNAL TRADE *****
STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT INDICATED THAT THE VOLUME OF DOMESTIC EXPORTS GREW BY 13 PER CENT IN THE FIRST NINE MONTHS OF 1986 AS COMPARED WITH THE SAME PERIOD LAST YEAR. THE VOLUME OF RE-EXPORTS INCREASED BY SEVEN PER CENT. HENCE, THERE WAS AN OVERALL INCREASE OF 10 PER CENT IN THE VOLUME OF TOTAL EXPORTS.
IMPORTS INCREASED BY 10 PER CENT IN VOLUME. ON THE SAME BASIS OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY ONE PER CENT AND TWO PER CENT RESPECTIVELY, SO THAT FOR TOTAL EXPORTS PRICES INCREASED BY ONE PER CENT.
PRICES OF IMPORTS ROSE 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) DROPPED BY THREE PER CENT.
COMPARING SEPTEMBER 1986 WITH SEPTEMBER 1985, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 23 PER CENT AND 30 PER CENT RESPECTIVELY. HENCE, TOTAL EXPORTS GREW BY 26 PER CENT IN VOLUME. IMPORT VOLUME INCREASED BY 21 PER CENT. OVER THE SAME PERIOD, BOTH THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY THREE PER CENT. IMPORT PRICES ROSE BY SEVEN PER CENT.
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. THE VOLUME OF TRADE IS DERIVED FROM TRADE VALUES BY DISCOUNTING THE EFFECT OF PRICE CHANGES.
EXTENDING THE PERIOD OF COMPARISON TO THE 12 MONTHS ENDING SEPTEMBER 1986 WITH THE 12 MONTHS ENDING SEPTEMBER 1985, THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 10 PER CENT WHILE THAT OF RE-EXPORTS INCREASED BY SEVEN PER CENT, THUS GIVING AN INCREASE OF NINE PER CENT IN THE VOLUME OF TOTAL EXPORTS. THE VOLUME OF IMPORTS INCREASED BY NINE PER CENT. OVER THE SAME PERIOD, THE PRICES OF DOMESTIC EXPORTS REMAINED UNCHANGED WHILE THOSE OF RE-EXPORTS ROSE BY ONE PER CENT, IMPORT PRICES ROSE BY THREE PER CENT.
THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR SEPTEMBER 1986 AS COMPARED WITH SEPTEMBER 1985 ARE SHOWN IN TABLE 1.
/AS SHOWN