FRIDAY, FEBRUARY 9, 1990
PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE IN NOVEMBER RELEASED * * ‡‡ ‡
THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 1 PER CENT AND 21 PER CENT RESPECTIVELY IN THE FIRST 11 MONTHS OF 1989 AS COMPARED WITH THE SAME PERIOD IN 1988, ACCORDING TO STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
TAKING THEM TOGETHER, THERE WAS AN OVERALL INCREASE OF 12 PER CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS ALSO INCREASED BY 11 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 3 PER CENT AND 6 PER CENT RESPECTIVELY, WHILE THOSE OF IMPORTS ROSE BY 4 PER CENT.
AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX) ROSE BY 1 PER CENT.
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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 AVAILABLE.
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COMPARING THE MONTH OF NOVEMBER 1989 WITH NOVEMBER
1988, VOLUME OF DOMESTIC EXPORTS DECREASED BY 5 PER CENT, WHILE THAT OF EXPORTS INCREASED BY 2 PER CENT. TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, TOTAL EXPORTS DROPPED BY 1 PER CENT IN VOLUME TERMS. IMPORT VOLUME DECREASED BY 7 PER CENT.
OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 2 PER CENT AND 6 PER CENT RESPECTIVELY. PRICES OF IMPORTS ROSE BY 3 PER CENT.
THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR NOVEMBER 1989 AS COMPARED WITH NOVEMBER 1988 ARE SHOWN IN TABLE 1.
AS CAN BE SEEN FROM TABLE 1, THE DOMESTIC EXPORT VOLUME OF MOST COMMODITY GROUPS DECREASED IN NOVEMBER 1989 COMPARED WITH NOVEMBER 1988, INCLUDING RADIOS OF ALL KINDS (-35 PER CENT); TEXTILE MADE-UPS AND RELATED ARTICLES (-33 PER CENT); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (-31 PER CENT); DOMESTIC ELECTRICAL APPLIANCES (-29 PER CENT); FOOTWEAR (-21 PER CENT); METAL MANUFACTURES (-16 PER CENT); WATCHES AND CLOCKS (-14 PER CENT); AND TEXTILE YARN AND THREAD (-12 PER CENT).
NEVERTHELESS, INCREASES IN DOMESTIC EXPORT VOLUME WERE RECORDED IN ELECTRONIC COMPONENTS (+26 PER CENT) AND CLOTHING (+3 PER CENT).
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