WEDNESDAY, JANUARY 7, 1987
45
PRICE, VOLUME MOVEMENTS OF OCTOBER EXTERNAL TRADE *****
STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT INDICATED THAT THE VOLUME OF DOMESTIC EXPORTS GREW BY 15 PERCENT IN THE FIRST TEN MONTHS OF 1986 AS COMPARED WITH THE SAME PERIOD LAST YEAR. THE VOLUME OF RE-EXPORTS INCREASED BY 10 PER CENT. HENCE, THERE WAS AN OVERALL INCREASE OF 13 PER CENT IN THE VOLUME OF TOTAL EXPORTS.
IMPORTS INCREASED BY 12 PER CENT IN VOLUME. ON THE SAME BASIS OF COMPARISON. THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 1 PER CENT AND 2 PER CENT RESPECTIVELY, SO THAT FOR TOTAL EXPORTS PRICES INCREASED BY 2 PER CENT.
PRICES OF IMPORTS ROSE BY 5 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 3 PER CENT.
COMPARING OCTOBER 1986 WITH OCTOBER 1985, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 32 PER CENT AND 41 PER CENT RESPECTIVELY, HENCE, TOTAL EXPORTS GREW BY 36 PER CENT IN VOLUME. IMPORT VOLUME INCREASED BY 32 PER CENT. OVER THE SAME PERIOD, THE PRICES OF DOMESTIC EXPORTS ROSE BY 5 PER CENT WHILE THOSE OF RE-EXPORTS ROSE BY 3 PER CENT. IMPORT PRICES ROSE BY 6 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 OCTOBER 1986 WITH THE 12 MONTHS ENDING OCTOBER 1985, THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 13 PER CENT WHILE THAT OF RE-EXPORTS INCREASED BY 10 PER CENT, THUS GIVING AN INCREASE OF 12 PER CENT IN THE VOLUME OF TOTAL EXPORTS. THE VOLUME OF IMPORTS INCREASED BY 11 PER CENT. OVER THE SAME PERIOD, THE PRICES OF DOMESTIC EXPORTS REMAINED UNCHANGED WHILE THOSE OF RE-EXPORTS ROSE BY 1 PER CENT. IMPORT PRICES ROSE BY 4 PER CENT.
THE CHANGES IN THE VALUE. UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR OCTOBER 1986 AS COMPARED WITH OCTOBER 1985 ARE SHOWN IN TABLE 1.
/AS CAN