SATURDAY. NOVEMBER 25, 1989
PROVISIONAL TRADE FIGURES FOR OCTOBER RELEASED
THE MODEST PERFORMANCE OF DOMESTIC EXPORTS CONTINUED IN OCTOBER, WHILE THE GROWTH IN RE-EXPORTS REMAINED SIGNIFICANT. THE GROWTH RATE OF IMPORTS WAS RELATIVELY MODERATE, IMPLYING THAT RETAINED IMPORTS CONTINUED TO BE ON A DECLINE.
THIS IS SHOWN IN THE PROVISIONAL TRADE FIGURES (SATURDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
RELEASED TODAY
THE VALUE OF DOMESTIC EXPORTS IN OCTOBER 1989 WAS $20,849 MILLION, $783 MILLION OR 3.9 PER CENT HIGHER THAN IN OCTOBER 1988, WHILE THE VALUE OF RE-EXPORTS INCREASED BY 15,357 MILLION OR 20.1 FER CENT TO $31,985 MILLION.
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS } AT $52,834 MILLION IN OCTOBER 1989, WAS THUS $6,140 MILLION OR 13.1 PER CENT HIGHER THAN IN OCTOBER 1988.
P
THE VALUE OF IMPORTS GREW BY 6.5 PER CENT OR $2,993 MILLION OVER A YEAR EARLIER. TO $48.779 MILLION IN OCTOBER 1989.
AS THE GROWTH RATE OF IMPORTS WAS SLOWER THAN THAT OF TOTAL EXPORTS, A VISIBLE TRADE SURPLUS OF $4,055 MILLION, EQUIVALENT TO 8.3 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN OCTOBER 1989,
THIS COMPARES WITH A SURPLUS OF #908 MILLION, EQUIVALENT ΤΟ 2.0 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN OCTOBER 1988. THE SURPLUSES RECORDED IN OCTOBER WERE, IN PART, DUE TO SEASONAL FACTORS.
PUTTING THESE TRADE FIGURES IN PERSPECTIVE, THE VALUE OF TOTAL EXPORTS IN THE FIRST 10 MONTHS OF 1989 WAS 9471,549 MILLION, MADE UP OF DOMESTIC EXPORTS OF $184,776 MILLION AND RE-EXPORTS OF $286,773
MILLION.
COMPARED WITH THE FIRST 10 MONTHS OF 1988, IN VALUE TERMS TOTAL EXPORTS GREW BY $75,534 MILLION OR 19.1 PER CENT, DOMESTIC EXPORTS BY $8,337 MILLION OR 4.7 PER CENT, AND RE-EXPORTS BY $67.197 MILLION OR 30.6 PER CENT. OVER THE SAME PERIOD, THE VALUE OF IMPORTS GREW BY $68,620 MILLION OR 17.1 PER CENT, TO $469,009 MILLION.
A VISIBLE TRADE SURPLUS OF $2,540 MILLION, EQUIVALENT ΤΟ 0.5 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN THE FIRST 10 MONTHS OF 1989. THIS COMPARES WITH A DEFICIT OF
$4.3 374 MILLION, EQUIVALENT TO 1.1 PER CENT OF THE VALUE OF IMPORTS, MONTHS OF 1988.
RECORDED IN THE FIRST
10
/COMMENTING ON