MONDAY, MARCH 26, 1990
1
PROVISIONAL TRADE FIGURES FOR FEBRUARY RELEASED
* * * * *
DOMESTIC EXPORTS REMAINED WEAK IN FEBRUARY 1990, WHILE RE-EXPORTS CONTINUED TO GROW. IMPORTS ALSO SHOWED A MODERATE INCREASE.
THESE ARE SHOWN IN THE PROVISIONAL TRADE FIGURES RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE VALUE OF DOMESTIC EXPORTS IN FEBRUARY 1990 WAS $13,311
LESS THAN MILLION, $731 MILLION OR 5.2 PER CENT
IN FEBRUARY 1989, WHILE THE VALUE OF RE-EXPORTS INCREASED BY $2,061 MILLION OR CENT TO $24,446 MILLION.
PER
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS), MILLION OR 3.7 AT $37,757 MILLION IN FEBRUARY 1990, WAS THUS $1,330 PER CENT HIGHER THAN IN FEBRUARY 1989.
$2,001 MILLION
CENT OR THE VALUE OF IMPORTS GREW BY 5.2 PER FROM A YEAR EARLIER, TO $40,473 MILLION IN FEBRUARY 1990.
EXPORTS, CENT
AS THE VALUE OF IMPORTS WAS LARGER THAN THAT OF TOTAL A VISIBLE TRADE DEFICIT OF $2,716 MILLION, EQUIVALENT TO 6.7 PER OF THE VALUE OF IMPORTS, WAS RECORDED IN FEBRUARY 1990.
THIS COMPARES WITH A DEFICIT OF $2,045 MILLION, EQUIVALENT 5.3 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN FEBRUARY 1989.
IN VIEW OF THE TIMING OF THE LUNAR NEW MORE MEANINGFUL TO LOOK
FIGURES FOR
COMBINED.
AT THE
ΤΟ
YEAR HOLIDAYS, IT IS JANUARY AND FEBRUARY
THE VALUE OF TOTAL EXPORTS FOR THE FIRST WAS $82,354 MILLION, MADE UP OF DOMESTIC EXPORTS AND RE-EXPORTS OF $52,406 MILLION.
TWO MONTHS
OF
OF
1990
$29,948 MILLION
COMPARED WITH THE SAME PERIOD A
YEAR
EARLIER,
GREW BY $2,411 MILLION OR 3.0 PER CENT IN VALUE TERMS,
OR EXPORTS FALLING BY $1,356 MILLION RISING BY $3,767 MILLION OR 7.7 PER CENT.
TOTAL EXPORTS WITH DOMESTIC
PER 4.3
CENT
AND
RE-EXPORTS
OVER THE SAME PERIOD, IMPORTS FELL BY $43 PER CENT IN VALUE TERMS, TO $81,564 MILLION.
MILLION OR BY 0.1
PER A VISIBLE TRADE SURPLUS OF $790 MILLION, EQUIVALENT TO 1.0
FIRST TWO MONTHS CENT OF THE VALUE OF IMPORTS, WAS RECORDED FOR THE
$1,664 MILLION, OF 1990. THIS COMPARES WITH A DEFICIT OF
EQUIVALENT RECORDED IN THE FIRST TWO TO 2.0 PER CENT OF THE VALUE OF IMPORTS, MONTHS OF 1989.
GOVERNMENT
SECRETARIAT CONTINUED
ΤΟ
COMMENTING ON THESE FIGURES, A SPOKESMAN SAID THAT THE PERFORMANCE OF DOMESTIC EXPORTS BE SLUGGISH.
/ON RE-EXPORTS