11
TUESDAY, JUNE 26, 1990
THE VALUE OF IMPORTS GREW BY $7,872 MILLION OR 16.2 OVER A YEAR EARLIER, TO $56,491 MILLION IN MAY 1990.
PER CENT
EXPORTS,
WITH
AS THE VALUE OF IMPORTS WAS LARGER THAN THAT OF TOTAL A VISIBLE TRADE DEFICIT OF $2,773 MILLION, EQUIVALENT TO 4.9 PER OF THE VALUE OF IMPORTS, WAS RECORDED IN MAY 1990. THIS COMPARES
THE VALUE A DEFICIT OF $2,911 MILLION, EQUIVALENT TO 6.0 PER CENT OF OF IMPORTS, RECORDED IN MAY 1989.
MADE $148,901
THE VALUE OF TOTAL IN PERSPECTIVE, PUTTING THESE FIGURES EXPORTS FOR THE FIRST FIVE MONTHS OF 1990 WAS $230,594 MILLION, UP OF DOMESTIC EXPORTS OF $81,693 MILLION AND RE-EXPORTS OF MILLION.
TERMS, WITH DOMESTIC
COMPARED WITH THE FIRST FIVE MONTHS OF 1989, TOTAL EXPORTS GREW BY $16,282 MILLION OR 7.6 PER CENT IN VALUE EXPORTS FALLING BY $1,409 MILLION OR 1.7 PER RISING BY $17,691 MILLION OR 13.5 PER CENT.
CENT AND RE-EXPORTS
OVER THE SAME PERIOD, THE VALUE OF IMPORTS MILLION OR 5.8 PER CENT, TO $239,812 MILLION.
ROSE BY $13,243 ·
TO 3.8 THE FIRST FIVE $12,257 MILLION, RECORDED IN THE
A VISIBLE TRADE DEFICIT OF $9,218 MILLION, EQUIVALENT PER CENT
THE VALUE OF IMPORTS, WAS RECORDED IN MONTHS OF 1990. THIS COMPARES WITH A DEFICIT OF EQUIVALENT TO 5.4 PER CENT OF THE VALUE OF IMPORTS, SAME PERIOD IN 1989.
REVIVED TO
COMMENTING ON THESE FIGURES, A GOVERNMENT SECRETARIAT SPOKESMAN SAID THAT ON A YEAR-ON-YEAR COMPARISON, DOMESTIC EXPORTS POSITIVE GROWTH IN MAY 1990.
UP
AT THE SAME TIME, THE GROWTH RATE OF RE-EXPORTS ALSO PICKED
ATTRIBUTABLE SUBSTANTIALLY, WITH A LARGE PART OF THIS INCREASE BEING TO THE STRONG GROWTH IN RE-EXPORTS OF CHINA ORIGIN.
THIS IMPROVED EXPORT PERFORMANCE WAS ENCOURAGING, BUT MORE DATA AS REGARDS RETAINED WERE NEEDED FOR IDENTIFYING ANY CLEAR TREND. IMPORTS, THERE WAS ALSO A SIGNIFICANT REBOUND IN THE GROWTH MAY.
RATE IN
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES
MAY 1990.
MERCHANDISE:
DOMESTIC EXPORTS : RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
FOR
$18,826 MILLION
$34,892 MILLION
$53,718 MILLION
$56,491 MILLION $2,773 MILLION
[IN DEFICIT]
/COMPARATIVE FIGURES