WEDNESDAY, SEPTEMBER 7, 1988
PRICE, VOLUME MOVEMENTS OF EXTERNAL TRADE IN JUNE
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 8 PER CENT AND 42 PER CENT RESPECTIVELY IN THE FIRST SIX MONTHS OF 1988 AS COMPARED WITH THE SAME PERIOD LAST YEAR, ACCORDING TO STATISTICS RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT,
TAKING THEM TOGETHER, THERE WAS AN OVERALL INCREASE OF 24 PER CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS INCREASED BY 23 PER CENT IN VOLUME TERMS,
THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES, HAVING DISCOUNTED THE EFFECT OF PRICE CHANGES.
AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE BY 3 PER CENT, WHILE THOSE OF IMPORTS ROSE BY 4 PER CENT.
AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF TOTAL EXPORT PRICE INDEX TO 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 AVAILABLE.
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COMPARING THE MONTH OF JUNE 1988 WITH JUNE 1987, THE VOLUME DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 9 PER CENT AND 47 PER CENT RESPECTIVELY. HENCE, TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, TOTAL EXPORTS GREW BY 27 PER CENT IN VOLUME TERMS. IMPORT VOLUME INCREASED BY 29 PER CENT.
DURING THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 2 PER CENT AND 3 PBR CENT RESPECTIVELY. PRICES OF IMPORTS ROSE BY 4 PER CENT.
THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUMB OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR JUNE 1988 AS COMPARED WITH JUNE 1987 ARE SHOWN IN TABLE 1.
A
AS CAN BE SEEN FROM TABLE 1 THE DOMESTIC EXPORT
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VOLUME OF NUMBER OF COMMODITY GROUPS DECREASED IN JUNE 1988 COMPARED WITH JUNE 1987, INCLUDING RADIOS OF ALL KINDS (-32 PER CENT); DOMESTIC ELECTRICAL APPLIANCES (-17 PER CENT); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (-14 PER CENT); FOOTWEAR (-11 PER CENT): TEXTILE FABRICS (-10 PER CENT); TEXTILE MADE-UPS AND RELATED ARTICLES (-4 PER CENT); AND CLOTHING (-3 PER CENT).
/HOWEVER, THESE