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THURSDAY, AUGUST 6, 1987
PRICES OF IMPORTS, ON THE OTHER HAND, ROSE BY 4 PER CENT,
OF
AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO THE TOTAL EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) DROPPED BY 1 PER CENT.
COMPARING MAY 1987 WITH MAY 1986, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 30 PER CENT AND 48 PER CENT RESPECTIVELY.
HENCE, TOTAL EXPORTS GREW BY 37 PER IMPORT VOLUME INCREASED BY 34 PER CENT.
CENT IN VOLUME TERMS.
ON THE SAME BASIS OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS ROSE BY 3 PER CENT; RE-EXPORT PRICES ROSE BY 1 PER CENT WHILE IMPORT PRICES ROSE BY 4 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 INDICES 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 MAY 1987 WITH THE 12 MONTHS ENDING MAY 1986, THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 24 PER CENT WHILE THAT OF RE-EXPORTS INCREASED BY 35 PER CENT, GIVING AN INCREASE OF 29 PER CENT IN THE VOLUME OF TOTAL EXPORTS. THE VOLUME OF IMPORTS ROSE BY 26 PER CENT. OVER THE SAME PERIOD, PRICES OF DOMESTIC EXPORTS ROSE BY 3 PER CENT WHILE THOSE OF RE-EXPORTS ROSE BY 2 PER CENT. IMPORT PRICES ROSE BY 5 PER CENT.
THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR MAY 1987 AS COMPARED WITH MAY 1986 ARE SHOWN IN TABLE 1.
AS CAN BE SEEN FROM TABLE 1, PRICES OF DOMESTIC EXPORTS OF MOST COMMODITY GROUPS INCREASED IN MAY 1987 COMPARED WITH MAY 1986.
THESE INCLUDED CLOTHING (+7 PER CENT); TEXTILE YARN AND THREAD (+6 PER CENT); DOMESTIC ELECTRICAL APPLIANCES (+6 PER CENT); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (+5 PER CENT); TEXTILE FABRICS (+5 PER CENT); FOOTWEAR (+3 PER CENT); RADIOS OF ALL KINDS (+3 PER CENT); TEXTILE MADE-UPS AND RELATED ARTICLES (+1 PER CENT); METAL MANUFACTURES (+1 PER CENT) AS WELL AS ELECTRONIC COMPONENTS (+1 PER CENT). THE PRICES OF METAL ORES AND SCRAP AS WELL AS WATCHES CLOCKS REMAINED UNCHANGED.
AND
THE DOMESTIC