FRIDAY, JANUARY 29, 1993
PROVISIONAL FIGURES OF EXTERNAL TRADE FOR DECEMBER 1992
IN DECEMBER 1992, RE-EXPORTS CONTINUED TO SURGE, WHILE DOMESTIC EXPORTS REGISTERED A SMALL DECLINE, ACCORDING TO THE PROVISIONAL FIGURES OF EXTERNAL TRADE RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
MEANWHILE, IMPORTS ALSO GREW MARKEDLY.
THE VALUE OF RE-EXPORTS IN DECEMBER 1992 ROSE BY $11,797 MILLION OR 22.5% OVER A YEAR EARLIER TO $64,284 MILLION,
THE VALUE OF DOMESTIC EXPORTS DECREASED BY $641 MILLION OR 2.9% TO $21,658 MILLION.
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE OF TOTAL EXPORTS IN DECEMBER 1992 GREW BY $11,156 MILLION OR 14.9% OVER A YEAR EARLIER TO $85,942 MILLION.
MEANWHILE, THE VALUE OF IMPORTS INCREASED BY $13,258 MILLION OR 17.2% TO $90,232 MILLION.
AS
THE VALUE OF TOTAL EXPORTS WAS SMALLER THAN THAT OF TOTAL IMPORTS, A VISIBLE TRADE DEFICIT OF $4,290 MILLION, EQUIVALENT TO 4.8% OF THE VALUE OF IMPORTS, WAS RECORDED IN DECEMBER 1992.
THIS COMPARED WITH A DEFICIT OF $2,188 MILLION, EQUIVALENT TO 2.8% OF THE VALUE OF IMPORTS, RECORDED IN DECEMBER 1991.
FOR 1992 AS A WHOLE, THE VALUE OF RE-EXPORTS INCREASED BY $155,989 MILLION OR 29.2% OVER 1991 TO $690,829 MILLION. THE VALUE OF DOMESTIC EXPORTS AMOUNTED TO $234,123 MILLION, WHICH WERE $3,078 MILLION OR 1.3% HIGHER THAN IN 1991.
OF
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE TOTAL EXPORTS, AT $924,953 MILLION IN 1992, WAS $159, 067 MILLION OR 20.8% HIGHER THAN IN 1991.
THE VALUE OF IMPORTS INCREASED BY $176,313 MILLION OR 22.6% ΤΟ $955,295 MILLION.
A VISIBLE TRADE DEFICIT OF $30,342 MILLION, EQUIVALENT TO 3.2% OF THE VALUE OF IMPORTS, WAS RECORDED IN 1992. THIS COMPARED WITH A DEFICIT OF $13,096 MILLION, EQUIVALENT TO 1.7% OF THE VALUE OF IMPORTS, RECORDED IN 1991.
COMMENTING ON THE PERFORMANCE OF EXTERNAL TRADE IN 1992, A GOVERNMENT SPOKESMAN POINTED OUT THAT THE RELATIVE SHIFT FROM DOMESTIC EXPORTS TO RE-EXPORTS CONTINUED.
THE ROBUST PERFORMANCE OF RE-EXPORTS WAS SUPPORTED BY THE CONTINUED UPSURGE IN RE-EXPORTS INVOLVING CHINA IN BOTH DIRECTIONS.
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