TUESDAY, APRIL 11, 1989
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CAUTION SHOULD BE EXERCISED IN INTERPRETING THE TRADE FIGURES FOR THE FIRST TWO MONTHS OF THE YEAR IN ISOLATION, AS THEY ARE LIKELY TO BE AFFECTED BY THE TIMING OF THE LUNAR NEW YEAR HOLIDAYS. THUS FIGURES ARE ALSO PROVIDED FOR THE MONTHS OF JANUARY AND FEBRUARY COMBINED.
TOTAL MERCHANDISE TRADE IN JANUARY TO FEBRUARY 1989, AT $161,549 MILLION, INCREASED BY 28 PER CENT COMPARED WITH THE SAMB PERIOD IN 1988.
DOMESTIC
OVER THE SAME PERIOD OF COMPARISON, THE VALUE OF EXPORTS INCREASED BY 4 PER CENT TO $31,304 MILLION, WHILE RE-EXPORTS INCREASED BY 42 PER CENT TO $48,639 MILLION.
THUS, THE VALUE OF TOTAL EXPORTS INCREASED BY 24 PER CENT ΤΟ $79,943 MILLION. IMPORTS INCREASED BY 32 PER CENT TO $81,607 MILLION.
COMPARING FEBRUARY 1989 WITH FEBRUARY 1988, SUBSTANTIAL GROWTH WAS RECORDED IN THE VALUE OF DOMESTIC EXPORTS TO CHINA (+43 PER CENT) AND JAPAN (+32 PER CENT). THE VALUE OF DOMESTIC EXPORTS TO SINGAPORE, AUSTRALIA AND THE NETHERLANDS ALSO INCREASED, BY 11 PER CENT, 6 PER CENT AND 5 PER CENT RESPECTIVELY.
HOWEVER, THE VALUE OF DOMESTIC EXPORTS TO FRANCE, THE U.S.A. AND THE FEDERAL REPUBLIC OF GERMANY DECREASED, BY 10 PER CENT, 6 PBR CENT AND 6 PER CENT RESPECTIVELY.
IMPORTS FROM ALL MAJOR SUPPLIERS INCREASED IN VALUE TERMS IN FEBRUARY 1989 OVER FEBRUARY 1988, PARTICULARLY THOSE FROM SINGAPORE (+68 PER CENT), THE U.S.A. (+52 PER CENT), THE REPUBLIC OF KOREA (+40 PER CENT), THE FEDERAL REPUBLIC OF GERMANY (+36 PER CENT), SWITZERLAND (+36 PER CENT) AND ITALY (+35 PER CENT).
IMPORTS FROM CHINA, THE UNITED KINGDOM, TAIWAN AND JAPAN ALSO INCREASED, BY 32 PER CENT, 31 PER CENT, 30 PER CENT AND 29 PER RESPECTIVELY.
RE-EXPORTS
TO ITALY, AUSTRALIA, CHINA, THE UNITED KINGDOM JAPAN INCREASED SUBSTANTIALLY IN VALUE TERMS OVER THE SAME PERIOD COMPARISON, BY 68 PER CENT, 66 PER CENT, 58 PER CENT, 55 PER CENT 52 PER CENT RESPECTIVELY.
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OTHER MAJOR MARKETS WITH INCREASES IN THE VALUE OF RE-EXPORTS INCLUDED THE FEDERAL REPUBLIC OF GERMANY, SINGAPORE, THE U.S.A TAIWAN AND THE REPUBLIC OF KOREA, BY 49 PER CENT, 39 PER CENT, 33 PER CENT, 27 PER CENT AND 9 PER CENT RESPECTIVELY.
COMPARING JANUARY TO FEBRUARY 1989 WITH THE SAME PERIOD IN 1988, DOMESTIC EXPORTS TO MOST MAJOR MARKETS INCREASED IN VALUE TERMS.
THE MARKETS WITH MORE SIGNIFICANT GROWTH IN DOMESTIC EXPORTS INCLUDED CHINA (+35 PER CENT), JAPAN (+30 PER CENT) AND SINGAPORE (+23 PER CENT). INCREASES IN VALUE OF DOMESTIC EXPORTS WERE ALSO RECORDED IN AUSTRALIA (+11 PER CENT), CANADA (+8 PER CENT) AND THE UNITED KINGDOM (+8 PER CENT).
/HOWEVER, DOMESTIC