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FRIDAY, NOVEMBER 9, 1990
PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE IN AUGUST
THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 3 PER CENT, WHILE THAT OF RE-EXPORTS GREW BY 11 PER CENT IN THE FIRST EIGHT MONTHS OF 1990 AS COMPARED WITH THE SAME PERIOD IN 1989, ACCORDING TO THE STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
TAKING THEM TOGETHER, THERE WAS AN OVERALL INCREASE OF 5 CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS INCREASED BY 6 PER CENT IN VOLUME TERMS.
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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 1 PER CENT AND 3 PER CENT RESPECTIVELY, WHILE THOSE OF IMPORTS ROSE BY 2 PER CENT. AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX) INCREASED BY 1 PER CENT.
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 ARE AVAILABLE.
COMPARING THE MONTH OF AUGUST 1990 WITH AUGUST 1989, THE VOLUME OF DOMESTIC EXPORTS DECREASED BY 1 PER CENT, WHILE THAT OF RE-EXPORTS INCREASED BY 17 PER CENT. TAKING THEM TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 10 PER CENT. THE VOLUME OF IMPORTS INCREASED BY 14 PER CENT.
OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 1 PER CENT AND 2 PER CENT RESPECTIVELY. IMPORT PRICES INCREASED BY 2 PER CENT.
THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY PRINCIPAL COMMODITY GROUP FOR AUGUST 1990 AS COMPARED WITH AUGUST 1989 ARE SHOWN IN TABLE 1.
THE VOLUME OF DOMESTIC EXPORTS OF MOST COMMODITY GROUPS DECREASED IN AUGUST 1990 AS COMPARED WITH AUGUST 1989, INCLUDING RADIOS OF ALL KINDS (-39 PER CENT); TEXTILE MADE-UPS AND RELATED ARTICLES (-27 PER CENT); DOMESTIC ELECTRICAL APPLIANCES (-20 PER CENT); FOOTWEAR (-19 PER CENT); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (-19 PER CENT); METAL MANUFACTURES (-11 PER CENT); TEXTILE FABRICS (-9 PER CENT); AND CLOTHING (-3 PER CENT). ON THE OTHER HAND, SIGNIFICANT INCREASE IN DOMESTIC EXPORT VOLUME WAS RECORDED IN ELECTRONIC COMPONENTS (+26 PER CENT).
THE PRICES OF DOMESTIC EXPORTS OF MOST COMMODITY GROUPS INCREASED IN AUGUST 1990 AS COMPARED WITH AUGUST 1989. THESE INCLUDED FOOTWEAR (+4 PER CENT); RADIOS OF ALL KINDS (+4) PER CENT); METAL MANUFACTURES (+3 PER CENT).
/THE DOMESTIC