MONDAY, SEPTEMBER 28, 1992
PROVISIONAL TRADE FIGURES FOR AUGUST
IN AUGUST THIS YEAR, RE-EXPORTS SURGED FURTHER, WHILE DOMESTIC EXPORTS CONTINUED TO REVIVE. IMPORTS ALSO GREW SHARPLY.
ACCORDING TO PROVISIONAL TRADE FIGURES RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT, THE VALUE OF RE-EXPORTS ROSE IN BY $13,738 MILLION OR 29.1% OVER A YEAR EARLIER TO $60,943 MILLION AUGUST 1992.
OR
THE VALUE OF DOMESTIC EXPORTS ALSO INCREASED, BY $470 MILLION 2.3% TO $20,834 MILLION. TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE OF TOTAL EXPORTS IN AUGUST GREW BY $14,208 MILLION OR 21.0% OVER A YEAR EARLIER TO $81,777 MILLION.
MEANWHILE, THE VALUE OF IMPORTS INCREASED BY $12,616 MILLION OR 18.9% TO $79,371 MILLION.
AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT OF TOTAL IMPORTS, A VISIBLE TRADE SURPLUS OF $2,406 MILLION, EQUIVALENT TO 3.0% OF THE VALUE OF IMPORTS, WAS RECORDED IN AUGUST 1992.
THIS COMPARED WITH A SURPLUS OF $814 MILLION, 1.2% OF THE VALUE OF IMPORTS, RECORDED IN AUGUST 1991.
EQUIVALENT TO
IN THE FIRST EIGHT MONTHS OF 1992, THE VALUE OF RE-EXPORTS INCREASED BY $102, 132 MILLION OR 31.1% OVER A YEAR EARLIER TO $430,957 MILLION. THE VALUE OF DOMESTIC EXPORTS AMOUNTED TO $149, 155 MILLION, $2,688 MILLION OR 1.8% HIGHER THAN IN THE FIRST EIGHT MONTHS OF 1991.
OF TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE TOTAL EXPORTS, AT $580,112 MILLION IN THE FIRST EIGHT MONTHS OF 1992,
THE VALUE WAS $104,820 MILLION OR 22.1% HIGHER THAN A YEAR EARLIER. OF IMPORTS INCREASED BY $111,925 MILLION OR 22.6% TO $606,983 MILLION.
THE
OF 1992.
4.4% MONTHS OF
A VISIBLE TRADE DEFICIT OF $26,871 MILLION, EQUIVALENT TO
VALUE OF IMPORTS, WAS RECORDED IN THE FIRST EIGHT
TO YEAR.
4.0%
THIS COMPARED WITH THE DEFICIT OF $19,766 MILLION,
SAME OF THE VALUE OF IMPORTS, RECORDED IN THE
EQUIVALENT
PERIOD
LAST
SPOKESMAN
OF
COMMENTING ON THE AUGUST TRADE FIGURES, A GOVERNMENT SAID THAT WHILE RE-EXPORTS REMAINED ROBUST, THE CONTINUED REVIVAL DOMESTIC EXPORTS IN RECENT MONTHS WAS ENCOURAGING.
USE,
BY
A
YEAR
THE SUSTAINED INCREASE IN IMPORTS RETAINED FOR LOCAL 11.9%
VALUE TERMS IN THE FIRST EIGHT MONTHS OF 1992 OVER IN EARLIER, ALSO HAS FAVOURABLE IMPLICATIONS FOR BOTH DOMESTIC DEMAND AND MANUFACTURING PRODUCTION IN THE COMING MONTHS.
/THE FOLLOWING