5
THURSDAY, OCTOBER 8, 1987
JULY PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 27 PER CENT AND 49 PER CENT RESPECTIVELY IN THE FIRST SEVEN MONTHS OF 1987 AS COMPARED WITH THE SAME PERIOD LAST YEAR, STATISTICS RELEASED TODAY
(THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT INDICATE.
HENCE, THERE WAS AN OVERALL INCREASE OF 37 PER CENT IN VOLUME
OF TOTAL EXPORTS.
IMPORTS INCREASED BY 34 PER CENT IN VOLUME TERMS.
ON THE SAME BASIS OF
COMPARISON,
THE PRICES OF DOMESTIC
EXPORTS AND RE-EXPORTS ROSE BY 3 PER CENT AND 1 PER CENT RESPECTIVELY, SO THAT THE PRICES OF TOTAL EXPORTS INCREASED BY 3 PER CENT.
PRICES OF IMPORTS, ON THE OTHER HAND, ROSE BY 4 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 1 PER CENT.
COMPARING JULY 1987 WITH JULY
1986, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 28 PER CENT AND 52 PER CENT RESPECTIVELY.
HENCE, TOTAL EXPORTS GREW BY 38 PER CENT IN VOLUME TERMS. IMPORT VOLUME INCREASED BY 33 PER CENT.
ON THE SAME BASIS OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS ROSE BY 3 PER CENT; RE-EXPORT PRICES ROSE BY 2 PER CENT WHILE IMPORT PRICES ROSE BY 3 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 JULY 1987 WITH THE 12 MONTHS ENDING JULY 1986, THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 26 PER CENT WHILE THAT OF RE-EXPORTS INCREASED BY 42 PER CENT, GIVING AN INCREASE OF 30 PER CENT IN THE VOLUME OF TOTAL EXPORTS.
THE VOLUME OF IMPORTS ROSE BY 29 PER CENT.
PER
OVER THE SAME PERIOD, PRICES OF DOMESTIC EXPORTS ROSE BY 3 CENT WHILE THOSE OF RE-EXPORTS ROSE BY 2 PER CENT. IMPORT PRICES ROSE BY 5 PER CENT.
/THE CHANGES