6
OF
A YEAR
TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VALUE EXPORTS ROSE BY $11,190 MILLION OR 21.2 PER CENT OVER TOTAL EARLIER, TO $64,024 MILLION IN OCTOBER 1990.
THE VALUE OF IMPORTS GREW BY $14,445 MILLION OR 29.6 PER OVER A YEAR EARLIER, TO $63,208 MILLION IN OCTOBER 1990.
CENT
IMPORTS,
AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT OF A VISIBLE TRADE SURPLUS OF $816 MILLION, EQUIVALENT TO 1.3 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN OCTOBER 1990.
THIS COMPARED WITH A SURPLUS OF $4,071 MILLION, EQUIVALENT 8.3 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN OCTOBER 1989.
IN PERSPECTIVE,
TO
THE VALUE OF TOTAL THESE PUTTING
FIGURES
MADE UP EXPORTS FOR THE FIRST 10 MONTHS OF 1990 WAS $518,318 MILLION,
OF $334,533 OF DOMESTIC EXPORTS OF $183,785 MILLION AND RE-EXPORTS MILLION.
GREW
COMPARED WITH THE FIRST 10 MONTHS OF 1989, TOTAL EXPORTS
TERMS, WITH DOMESTIC OR 9.9 PER CENT IN VALUE BY $46,769 MILLION
RISING EXPORTS FALLING BY $991 MILLION OR 0.5 PER CENT AND RE-EXPORTS
OVER THE SAME PERIOD, BY $47,760 MILLION OR 16.7 PER CENT. OF IMPORTS ROSE BY $50,083 MILLION OR 10.7 PER MILLION.
CENT 1990.
0.5 1989.
THE VALUE CENT, TO $519,076
PER
OF
A VISIBLE TRADE DEFICIT OF $758 MILLION, EQUIVALENT TO 0.1 OF THE VALUE OF IMPORTS, WAS RECORDED IN THE FIRST 10 MONTHS
THIS COMPARED WITH A SURPLUS OF $2,556 MILLION, EQUIVALENT PER CENT OF THE VALUE OF IMPORTS, RECORDED IN THE SAME PERIOD
TO
IN
SAID
DOMESTIC
COMMENTING ON THE OCTOBER FIGURES, A GOVERNMENT SPOKESMAN AFTER EXPERIENCING A DECLINE FOR FOUR CONSECUTIVE QUARTERS, EXPORTS REBOUNDED TO POSITIVE GROWTH IN OCTOBER.
REVIVAL IN RETAINED
THIS REBOUND WAS PRECEDED BY A MARKED IMPORTS OF RAW MATERIALS AND SEMI-MANUFACTURES IN THE PAST FEW MONTHS.
THE PERFORMANCE OF RE-EXPORTS REMAINED ROBUST, SUPPORTED BY THE ORIGIN AND BY A CONTINUED RAPID INCREASE IN RE-EXPORTS OF CHINA REVIVAL IN RE-EXPORTS TO CHINA.
INCREASE OF AROUND AS REGARDS RETAINED IMPORTS, A SUBSTANTIAL
MARGIN) WAS RECORDED 28 PER CENT (AFTER ADJUSTING FOR THE RE-EXPORT IN OCTOBER, FOLLOWING SIGNIFICANT GROWTH IN THE PREVIOUS THREE MONTHS. THIS UPTREND SHOULD HAVE FAVOURABLE
IMPLICATIONS FOR THE
LEVEL
OF
LOCAL DEMAND.
/TRADE FIGURES