:
SUNDAY, DECEMBER 24, 1989
PROVISIONAL TRADE FIGURES FOR NOVEMBER RELEASED
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DOMESTIC EXPORTS REMAINED WEAK IN NOVEMBER, WHILE THE GROWTH RATE OF RE-EXPORTS DECELERATED FURTHER. BEING AFFECTED BOTH BY THE SLOW-DOWN IN RE-EXPORT GROWTH AND BY THE CONTINUED SLACKENING IN RETAINED IMPORTS, IMPORTS RECORDED A DECLINE FROM A YEAR EARLIER.
THIS IS SHOWN IN THE PROVISIONAL TRADE FIGURES RELEASED TODAY (SUNDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE VALUE OF DOMESTIC EXPORTS
IN NOVEMBER 1989 WAS $19,412 MILLION, $640 MILLION OR 3.2 PER CENT LESS THAN IN NOVEMBER 1988, WHILE THE VALUE OF RE-EXPORTS INCREASED BY $2,340 MILLION OR 8.4 PER CENT TO $30,046 MILLION.
THE VALUE OF TOTAL EXPORTS ( (DOMESTIC EXPORTS PLUS RE-EXPORTS) I AT $49,458 MILLION IN NOVEMBER 1989, WAS THUS $1,700 MILLION OR 3.6 PER CENT HIGHER THAN IN NOVEMBER 1988.
ON THE OTHER HAND, THE VALUE OF IMPORTS DECREASED BY 3.9 PER CENT OR $1,882 MILLION FROM A YEAR EARLIER, ΤΟ $46,344 MILLION IN NOVEMBER 1989.
AS THE VALUE OF IMPORTS WAS SMALLER THAN THAT OF TOTAL EXPORTS, A VISIBLE TRADE SURPLUS OF $3,114 MILLION, EQUIVALENT TO 6.7 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN NOVEMBER 1989.
THIS COMPARES WITH A DEFICIT OF $468 MILLION, EQUIVALENT 1.0 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN NOVEMBER 1988.
TO
PUTTING THESE TRADE FIGURES IN PERSPECTIVE, THE VALUE OF TOTAL EXPORTS IN THE FIRST 11 MONTHS OF 1989 WAS $521,008 MILLION, MADE UP OF DOMESTIC EXPORTS OF $204,189 MILLION AND RE-EXPORTS OF $316,819 MILLION.
COMPARED WITH THE FIRST 11 MONTHS OF 1988, IN VALUE TERMS TOTAL EXPORTS GREW BY $77,235 MILLION OR 17.4 PER CENT, DOMESTIC EXPORTS BY $7,698 MILLION OR 3.9 PER CENT, AND RE-EXPORTS BY $69,537 MILLION OR 28.1 PER CENT.
OVER THE SAME PERIOD, THE VALUE OF IMPORTS GREW BY MILLION ON 14.9 PER CENT, TO $515,337 MILLION.
$66,722
1.1 MONTHS
A VISIBLE TRADE SURPLUS OF $5,671 MILLION, EQUIVALENT PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN THE FIRST 11 OF 1989.
TO
/THIS COMPARES