5
THURSDAY, FEBRUARY 11, 1988
BETWEEN DECEMBER 1986 AND DECEMBER 1987, THE VALUE OF IMPORTS FROM ALL MAJOR SUPPLIERS INCREASED, ESPECIALLY THOSE FROM THE U.S.A. (+90 PER CENT), THE REPUBLIC OF KOREA (+59 PER CENT), SWITZERLAND (+52 PER CENT), THE FEDERAL REPUBLIC OF GERMANY (+51 PER CENT) ITALY (+43 PER CENT),
AND
DURING THE SAME PERIOD, RE-EXPORTS TO THE FEDERAL REPUBLIC OF GERMANY, TAIWAN, JAPAN, AUSTRALIA AND THE REPUBLIC OF KOREA INCREASED SUBSTANTIALLY IN VALUE TERMS BY 89 PER CENT, 72 PER CENT, 64 PER CENT, 57 PER CENT AND 52 PER CENT RESPECTIVELY.
THE CHANGES IN THE THE RESPECTIVE TO CONSIDERABLE
CARE SHOULD BE EXERCISED IN INTERPRETING VALUE OF BILATERAL TRADE IN ANY SINGLE MONTH, AS GROWTH RATES FOR AN INDIVIDUAL MONTH MAY BE SUBJECT
FLUCTUATIONS.
TOTAL MERCHANDISE TRADE IN THE YEAR 1987 AT $755,982 MILLION, INCREASED BY 37 PER CENT IN VALUE TERMS AS COMPARED WITH THE YEAR 1986.
ON THE SAME BASIS OF COMPARISON, THE VALUE OF DOMESTIC EXPORTS INCREASED BY 27 PER CENT ΤΟ $195,254 MILLION WHILE RE-EXPORTS INCREASED BY 49 PER CENT TO $182,780 MILLION. THUS, THE VALUE OF TOTAL EXPORTS INCREASED BY 37 PER CENT TO $378,034 MILLION.
IMPORTS INCREASED IN VALUE TERMS BY 37 PER CENT TO $377,948 MILLION, A SMALL MERCHANDISE TRADE SURPLUS OF $87 MILLION, EQUIVALENT TO ONLY 0.02 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN THE YEAR 1987, COMPARED WITH A SURPLUS OF $575 MILLION
1986, IN BQUIVALENT TO 0.2 PER CENT OF THE VALUE OF IMPORTS IN THAT YEAR. THUS THE VISIBLE TRADE ACCOUNT WAS VIRTUALLY IN BALANCE IN THESE TWO YEARS.
COMPARING THE YEAR 1987 WITH THE YEAR 1986, TO ALL MAJOR MARKETS INCREASED IN VALUE TERMS.
THE MARKETS WITH THE FASTEST GROWTH IN INCLUDED CHINA ( +55 PER CENT), JAPAN (+53 PER CENT), (+44 PER CENT), FRANCE (+44 PER CENT) AND SINGAPORE DOMESTIC EXPORTS TO HONG KONG'S LARGEST MARKET, THE 13 PER CENT IN VALUE TERMS.
DOMESTIC EXPORTS
DOMESTIC EXPORTS THE NETHERLANDS (+39 PER CENT). U.S.A., GREW BY
IMPORTS IN THE YEAR 1987 FROM ALL MAJOR SUPPLIERS INCREASED IN VALUE TERMS WHEN COMPARED WITH THE YEAR 1986. SIGNIFICANT INCREASES WERE RECORDED IN IMPORTS FROM THE REPUBLIC OF KOREA (+55 PER CENT), CHINA (+44 PER CENT), ITALY (+40 PER CENT), TAIWAN (+39 PER CENT) THE U.S.A. (+39 PER CENT).
ON THE SAME BASIS OF
COMPARISON,
AND
RE-EXPORTS TO THE FEDERAL TAIWAN, AUSTRALIA AND
THE
PER
CENT
REPUBLIC OF GERMANY, THE UNITED KINGDOM, REPUBLIC OF KOREA INCREASED SUBSTANTIALLY IN VALUE TERMS BY- 106
CENT, 63 PER CENT, 72 PER
CENT, 59 PER CENT AND 53 PER
RESPECTIVELY.
/ALL TRADE