THURSDAY, JANUARY 25, 1990,
- 2
PROVISIONAL TRADE FIGURES FOR DECEMBER RELEASED
* * *
DOMESTIC EXPORTS REMAINED WEAK IN DECEMBER, WHILE THE GROWTH RATE OF RE-EXPORTS CONTINUED то SLOW DOWN. AFFECTED BOTH BY THE
A REDUCED RE-EXPORT GROWTH AND BY
SLACKENING IN RETAINED IMPORTS, IMPORTS CONTINUED TO DECLINE FROM A YEAR EARLIER.
THIS IS SHOWN IN THE PROVISIONAL TRADE FIGURES (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
RELEASED TODAY
THE VALUE OF DOMESTIC EXPORTS IN DECEMBER 1989 WAS $19,915 IN DECEMBER 1988, MILLION, $1,258 MILLION OR 5.9 PER CENT LESS THAN WHILE THE VALUE OF RE-EXPORTS INCREASED BY $1,464 MILLION OR CENT TO $29,587 MILLION.
5.2 PER
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS) + ONLY $206 MILLION OR AT $49,502 MILLION IN DECEMBER 1989, WAS THUS 0.4 PER CENT HIGHER THAN IN DECEMBER 1988.
OR $2,738
DECREASED THE VALUE OF IMPORTS
BY 5.5 PER CENT MILLION FROM A YEAR EARLIER, TO $47,445 MILLION IN DECEMBER 1989.
AS THE VALUE OF IMPORTS WAS SMALLER THAN THAT OF TOTAL EXPORTS,
CENT A VISIBLE TRADE SURPLUS OF $2,057 MILLION, EQUIVALENT TO 4.3 PER OF THE VALUE OF IMPORTS, WAS RECORDED IN DECEMBER 1989.
9887 THIS COMPARES WITH A DEFICIT OF
MILLION, EQUIVALENT 1.8 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN DECEMBER 1988.
TO
TOTAL DOMESTIC
PUTTING THESE TRADE FIGURES IN PERSPECTIVE, THE VALUE OF EXPORTS FOR 1989 AS A WHOLE WAS $570,509 MILLION, MADE UP OF EXPORTS OF $224,104 MILLION AND RE-EXPORTS OF $346,405 MILLION.
COMPARED WITH 1988,
IN VALUE
TERMS TOTAL EXPORTS GREW BY $77,440 MILLION OR 15.7 PER CENT, DOMESTIC EXPORTS BY $6,440 MILLION OR 3.0 PER CENT, AND RE-EXPORTS BY $71,000 MILLION OR 25.8 PER CENT.
OF IMPORTS GREW BY OVER THE SAME PERIOD, THE VALUE MILLION OR 12.8 PER CENT, TO $562,782 MILLION.
$63,984
A VISIBLE TRADE SURPLUS OF $7,727 MILLION, PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN 1989.
EQUIVALENT
ΤΟ 1.4
EQUIVALENT
ΤΟ
THIS COMPARES WITH A DEFICIT OF $5,729 MILLION, 1.1 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN 1988.
COMMENT ING ON THESE FIGURES, A GOVERNMENT SECRETARIAT
PERFORMANCE OF DOMESTIC EXPORTS HAD
SPOKESMAN SAID THAT THE SLUGGISH SINCE MAY 1989.
EXPORTS
SHOWED NEGATIVE
THE VALUE OF DOMESTIC GROWTH RATES IN SEPTEMBER, NOVEMBER AND DECEMBER.
BEEN
YEAR-ON-YEAR
/ANOTHER DEVELOPMENT