SUNDAY, APRIL 10, 1988
PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE IN JANUARY
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 13 PER CENT AND 47 PER CENT RESPECTIVELY IN JANUARY 1988 AS COMPARED WITH THE SAME MONTH IN 1987, ACCORDING ΤΟ STATISTICS RELEASED TODAY (SUNDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
HENCE, THERE WAS AN OVERALL INCREASE OF 29 PER CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS INCREASED BY 34 PER CENT IN VOLUME TERMS.
ON THE SAME BASIS OF COMPARISON, BOTH THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 4 PER CENT, SO THAT FOR TOTAL EXPORTS, PRICES ALSO ROSE BY 4 PER CENT.
PRICES OF IMPORTS, ON THE OTHER HAND, 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 1 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.
CARE SHOULD BE TAKEN IN INTERPRETING THE CHANGES IN THE VOLUMB OF BILATERAL TRADE IN ANY SINGLE MONTH, AS THE RESPECTIVE GROWTH RATES FOR INDIVIDUAL MONTH MAY BE SUBJECT TO CONSIDERABLE FLUCTUATIONS.
TWO MONTHS OF LUNAR NEW YEAR YEAR, WHILE
THIS
IN PARTICULAR, THE TRADE FIGURES FOR THE FIRST THE YEAR WERE USUALLY AFFECTED BY THE TIMING OF THE HOLIDAYS, WHICH OCCURRED IN LATE JANUARY YEAR THEY OCCURRED IN MID-FEBRUARY.
LAST
IN
COMPARING THE THREE MONTHS ENDING JANUARY 1988 WITH THE THREE M NTHS ENDING JANUARY 1987, THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 15 PER CENT, WHILE THAT OF RE-EXPORTS INCREASED BY 44 PER CENT, 90 THAT FOR TOTAL EXPORTS, A GROWTH OF 27 PER CENT WAS RECORDED IN VOLUME TERMS. THE VOLUME OF IMPORTS ROSE BY 31 PER CENT.
IMPORT
ON THE SAME BASIS OF COMPARISON, PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 3 PER CENT AND 4 PER CENT RESPECTIVELY. PRICES INCREASED BY 6 PER CENT.
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