TUESDAY, JUNE 29, 1993
PROVISIONAL FIGURES OF EXTERNAL TRADE FOR MAY 1993
* * * * *
IN MAY 1993, RE-EXPORTS MAINTAINED A
STRONG GROWTH, WHILE
DOMESTIC EXPORTS REGISTERED A DECREASE OVER THE SAME MONTH LAST YEAR.
AT THE SAME TIME. IMPORTS CONTINUED TO GROW.
THESE ARE SHOWN IN THE PROVISIONAL FIGURES OF EXTERNAL TRADE RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE VALUE OF RE-EXPORTS IN MAY 1993 ROSE BY $9,759 MILLION OR 17% OVER A YEAR EARLIER TO $66,935 MILLION.
THE VALUE OF DOMESTIC EXPORTS DECREASED BY $1,257 MILLION OR 6.5% TO $18,149 MILLION.
OF
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE EXPORTS IN MAY 1993 GREW BY $8,502 MILLION OR 11% OVER A YEAR EARLIER TO $85,084 MILLION.
TOTAL
OVER THE SAME PERIOD, THE VALUE OF IMPORTS INCREASED BY $9,206 MILLION OR 11% TO $90,724 MILLION.
AS THE VALUE OF TOTAL EXPORTS WAS SMALLER THAN THAT OF TOTAL IMPORTS, A VISIBLE TRADE DEFICIT OF $5,640 MILLION, EQUIVALENT TO 6.2% OF THE VALUE OF IMPORTS, WAS RECORDED IN MAY 1993.
THIS WAS BROADLY SIMILAR TO THE DEFICIT OF $4,936 MILLION, EQUIVALENT TO 6.1% OF THE VALUE OF IMPORTS, RECORDED IN MAY 1992.
IN THE FIRST FIVE MONTHS OF 1993, THE VALUE OF RE-EXPORTS AMOUNTED TO $308,748 MILLION, WHICH WAS $58,630 MILLION OR 23% HIGHER THAN A YEAR EARLIER.
THE VALUE OF DOMESTIC EXPORTS, AT $84,673 MILLION, WAS MILLION OR 1.3% LOWER THAN THAT IN THE SAME PERIOD LAST
$1,157
YEAR.
TAKING
RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE EXPORTS IN THE FIRST FIVE MONTHS OF 1993, AT $393,421 MILLION, $57,472 MILLION OR 17% HIGHER THAN A YEAR EARLIER.
OF
TOTAL
WAS
THE VALUE OF IMPORTS INCREASED BY $59,406 MILLION OR $417,432 MILLION.
17% TO
A TRADE DEFICIT OF $24,011 MILLION, EQUIVALENT TO 5.8% OF VALUE OF IMPORTS, WAS RECORDED IN THE FIRST FIVE MONTHS OF 1993. COMPARED WITH A TRADE DEFICIT OF $22,077 MILLION, EQUIVALENT TO OF THE VALUE OF IMPORTS, RECORDED A YEAR EARLIER.
THE
THIS 6.2%
COMMENTING ON THE MAY FIGURES, A GOVERNMENT SPOKESMAN SAID THE CONTINUOUS RELOCATION OF THE MORE LABOUR-INTENSIVE PRODUCTION PROCESSES ΤΟ CHINA WAS THE KEY FACTOR UNDERLINING THE SLUGGISH DOMESTIC EXPORTS PERFORMANCE.
/REFLECTING THE
J