WEDNESDAY, AUGUST 24, 1988
THE VALUE OF DOMESTIC EXPORTS IN JULY 1988 WAS $20,135 MILLION, $1,187 MILLION OR 6.3 PER CENT HIGHER THAN IN JULY 1987, WHILE THE VALUE OF RE-EXPORTS INCREASED BY 47.1 PER CENT OR $7,677 MILLION TO $23,975 MILLION.
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS), AT $44,110 MILLION IN JULY 1988, WAS THUS $8,864 MILLION OR 25.1 PRR CENT HIGHER THAN IN JULY 1987.
THE VALUE OF IMPORTS GREW BY 33.3 PER CENT OR OVER A YEAR EARLIER, TO $44,394 MILLION IN JULY 1988.
$11,095 MILLION
A SMALL VISIBLE TRADE DEFICIT OF $284 MILLION, EQUIVALENT 0.6 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN JULY 1988.
ΤΟ
THIS CONTRASTS WITH THE SITUATION IN JULY 1987, WHEN A SURPLUS OF $1,948 MILLION, EQUIVALENT TO 5.9 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED.
PUTTING THE TRADE FIGURES FOR JULY IN PERSPECTIVE, THE VALUE OF TOTAL EXPORTS IN THE FIRST SEVEN MONTHS OF 1988 WAS $257.049 MILLION, MADR UP OF DOMESTIC EXPORTS OF $115,754 MILLION AND RE-EXPORTS OF $141,295 MILLION.
IN VALUB TERMS 27.8 PER CENT, DOMESTIC CENT. AND RE-EXPORTS BY
COMPARED WITH THE FIRST SEVEN MONTHS OF 1987, TOTAL EXPORTS GRRW BY $55,884 MILLION OR EXPORTS BY $11,014 MILLION OR 10.5 PER 944,870 MILLION OR 16.5 PER CENT.
IMPORTS GREW BY $60,634
OVER THE SAME PERIOD, THE VALUE OF MILLION OR 29.5 PER CENT, TO $266,085 MILLION.
A VISIBLE TRADE DEFICIT OF $9,036 MILLION, EQUIVALENT TO 3.4 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN THE FIRST SEVEN MONTHS OF 1988.
THIS COMPARES WITH A DEFICIT OF $4,286 MILLION, EQUIVALENT ΤΟ 2.1 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN THE SAME PERIOD LAST YEAR.
COMMENTING ON THESE FIGURES, A GOVERNMENT SECRETARIAT SPOKESMAN SAID THAT THE YEAR-ON-YEAR GROWTH RATE OF DOMESTIC EXPORTS IN JULY 1988, AT 6.3 PRR CENT, REPRESENTS A SLOW-DOWN COMPARED WITH THE CORRESPONDING GROWTH RATES OF 14.6 PER CENT AND 8.9 PER CENT RESPECTIVELY IN THE FIRST AND SECOND QUARTERS OF 1988.
/ON THE