WEDNESDAY AUGUST 28, 1991
PROVISIONAL TRADE FIGURES FOR JULY RELEASED
A
WHILE IN JULY, RE-EXPORTS CONTINUED TO INCREASE SUBSTANTIALLY, DOMESTIC EXPORTS SHOWED
MODERATE
ACCORDING
THE GROWTH,
TO (WEDNESDAY) BY THE CENSUS PROVISIONAL TRADE FIGURES RELEASED TODAY AND STATISTICS DEPARTMENT.
THE GROWTH IN IMPORTS WAS BOOSTED NOT ONLY BY THE RISE IN EXPORTS BUT ALSO BY THE MARKED INCREASE IN RETAINED IMPORTS.
RE-
THE VALUE
$12,311 MILLION OF RE-EXPORTS IN JULY ROSE BY 34.0% OVER A YEAR EARLIER TO $48,505 MILLION. THE VALUE OF DOMESTIC EXPORTS IN JULY, AT $21,180 MILLION, WAS $771 MILLION OR 3.8% HIGHER.
OR
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE TOTAL EXPORTS GREW BY $13,082 MILLION OR 23.1% OVER A YEAR EARLIER $69,685 MILLION IN JULY.
OVER THE SAME PERIOD, THE VALUE OF IMPORTS MILLION OR 26.8% TO $69,082 MILLION.
OF
TO
ROSE BY $14,603
OF TOTAL
AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT IMPORTS, A VISIBLE TRADE SURPLUS OF $603 MILLION, EQUIVALENT TO OF THE VALUE OF IMPORTS, WAS RECORDED IN JULY 1991.
THE
RECORDED IN JULY LAST YEAR SURPLUS EQUIVALENT TO 3.9% OF THE VALUE OF IMPORTS.
0.9%
WAS
$2,124
MILLION,
RE-EXPORTS
PUTTING THESE FIGURES IN PERSPECTIVE, THE VALUE of IN THE FIRST SEVEN MONTHS OF THIS YEAR, AT $281,618 MILLION, INCREASED BY $62,328 MILLION OR 28.4% OVER THE FIRST SEVEN MONTHS OF 1990.
OVER THE SAME PERIOD, THE VALUE OF DOMESTIC EXPORTS BY $5,158 MILLION OR 4.3% TO $126,105 MILLION.
INCREASED
OF THIS 19.8% HIGHER
THE VALUE OF TOTAL EXPORTS IN THE FIRST SEVEN MONTHS YEAR, AT $407,723 MILLION, WAS THUS $67,485 MILLION OR THAN IN THE FIRST SEVEN MONTHS OF LAST YEAR. BY $81,991 MILLION OR 23.7% TO $428,303 MILLION.
MEANWHILE, IMPORTS GREW
OF THE 1991.
A VISIBLE TRADE DEFICIT OF $20,580 MILLION, EQUIVALENT TO
VALUE OF IMPORTS, WAS RECORDED IN THE FIRST SEVEN
4.8% MONTHS OF
THIS COMPARES WITH A DEFICIT OF $6,074 MILLION, EQUIVALENT MONTHS 1.8% OF THE VALUE OF IMPORTS, RECORDED IN THE FIRST SEVEN LAST YEAR.
TO
OF
RE-
REASON
A GOVERNMENT SPOKESMAN COMMENTED THAT THE ROBUST GROWTH IN EXPORTS
WAS THE MAIN CHINA INVOLVING
IN BOTH DIRECTIONS UNDERLYING THE SUSTAINED GOOD PERFORMANCE OF RE-EXPORTS.
THE POSITIVE GROWTH IN DOMESTIC EXPORTS IN JULY WAS A REVERSAL OF THE DECLINE RECORDED IN JUNE.
/THE STRONG