T
MONDAY, FEBRUARY 26, 1990
PROVISIONAL TRADE FIGURES FOR JANUARY RELEASED
* *
IN JANUARY
THE WEAK PERFORMANCE OF DOMESTIC EXPORTS CONTINUED 1990, WHILE THE GROWTH RATE OF RE-EXPORTS REMAINED MODERATE. IMPORTS
A CONTINUED TO DECLINE FROM
YEAR EARLIER, LARGELY REFLECTING THE DECLINE IN RETAINED IMPORTS.
THESE ARE SHOWN IN THE PROVISIONAL TRADE FIGURES RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE VALUE OF DOMESTIC EXPORTS IN JANUARY 1990 WAS $16,638
CENT MILLION, $624 MILLION OR 3.6 PER
LESS THAN IN JANUARY 1989, WHILE THE VALUE OF RE-EXPORTS INCREASED BY 91,707 MILLION OR CENT TO $27,960 MILLION.
6.5 PER
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS),
OR MILLION AT $44,598 MILLION IN JANUARY 1990, WAS THUS $1,083 2.5 PER CENT HIGHER THAN IN JANUARY 1989.
ONLY
THE VALUE OF IMPORTS DECREASED BY 4.7 PER CENT OR $2,042 MILLION FROM A YEAR EARLIER, TO $41,092 MILLION IN JANUARY 1990.
PER
AS THE VALUE OF IMPORTS WAS SMALLER THAN THAT OF TOTAL EXPORTS, A VISIBLE TRADE SURPLUS OF
MILLION, $3,506
EQUIVALENT TO 8.5 CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN JANUARY 1990.
$381
MILLION,
THIS COMPARES WITH A SURPLUS OF
EQUIVALENT 0.9 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN JANUARY 1989.
TO
TOTAL
PUTTING THESE TRADE FIGURES IN PERSPECTIVE, THE VALUE OF EXPORTS FOR THE THREE MONTHS ENDING JANUARY 1990 WAS $143,558 MILLION, MADE UP OF DOMESTIC EXPORTS OF $55,965 MILLION AND RE-EXPORTS OF $87,593 MILLION,
COMPARED WITH THE SAME
TOTAL FARLIER,
EXPORTS TERMS WITH DOMESTIC GREW BY $2,988 MILLION OR 2.1 PER CENT IN VALUE
OR 4.3 PER CENT EXPORTS FALLING BY $2,521 MILLION
AND RE-EXPORTS RISING BY $5,509 MILLION OR 6.7 PER CENT.
PERIOD A YEAR
OVER THE SAME PERIOD, IMPORTS FELL BY $6,664 MILLION OR BY PER CENT IN VALUE TERMS, TO $134,879 MILLION.
4.7
6.4
TO EQUIVALENT
THE THREF MONTHS A DEFICIT OF OF THE VALUE OF IMPORTS,
A VISIBLE TRADE SURPLUS OF $8,679 MILLION, PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED FOR FROM NOVEMBER 1989 TO JANUARY 1990. THIS COMPARES WITH $973 MILLION, EQUIVALENT TO 0.7 PER CENT RECORDED IN THE SAME PERIOD A YEAR EARLIER.
COMMENTING ON THESE FIGURES, A
SECRETARIAT GOVERNMENT
BEEN SLUGGISH SPOKESMAN SAID THE PERFORMANCE OF DOMESTIC EXPORTS HAD
TO JANUARY 1990, EXCEPT SINCE MAY 1989. IN EACH OF THE FIVE MONTHS OCTOBER 1989, THE VALUE OF DOMESTIC EXPORTS SHOWED DECLINES ON A YEAR- ON-YEAR COMPARISON,
/THE LUNAR