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FRIDAY, FEBRUARY 10, 1989
NOVEMBER PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE
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THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 9 PER CENT AND 46 PER CENT RESPECTIVELY IN THE FIRST 11 MONTHS OF 1988 AS COMPARED WITH THE SAME PERIOD IN 1987, ACCORDING ΤΟ STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
TAKING THEM TOGETHER, THERE WAS AN OVERALL INCREASE OF 26 PER CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS INCREASED BY 27 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 ROSE BY 2 PER CENT AND 3 PER CENT RESPECTIVELY, 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.
COMPARING THE MONTH OF NOVEMBER 1988 WITH NOVEMBER 1987, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 15 PER CENT AND 52 PER CENT RESPECTIVELY. HENCE, TAKING DOMESTIC EXPORTS AND RE- EXPORTS TOGETHER, TOTAL EXPORTS GREW BY 34 PER CENT IN VOLUME TERMS. IMPORT VOLUME ALSO INCREASED BY 36 PER CENT. DURING THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 2 PER CENT AND 4 PER CENT RESPECTIVELY. PRICES OF IMPORTS ROSE BY 4 PER CENT.
THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR NOVEMBER 1988 AS COMPARED WITH NOVEMBER 1987 ARE SHOWN IN TABLE 1.
AS CAN BE SEEN FROM TABLE 1. THE DOMESTIC EXPORT VOLUME OF MANY COMMODITY GROUPS INCREASED IN NOVEMBER 1988 COMPARED WITH NOVEMBER 1987. INCLUDING METAL ORES AND SCRAP (+44 PER CENT): ELECTRONIC COMPONENTS (+42 PER CENT); WATCHES AND CLOCKS (+23 PER CENT); CLOTHING (+16 PER CENT): TEXTILE YARN AND THREAD (+8 PER CENT); METAL MANUFACTURES (+7 PER CENT); TEXTILE FABRICS (+6 PER CENT): TEXTILE
MADE-UPS AND RELATED ARTICLES (+4 PER CENT); AND FOOTWEAR (+1 PER CENT).
/HOWEVER, --