WEDNESDAY, DECEMBER 29, 1993
PROVISIONAL FIGURES OF EXTERNAL TRADE FOR NOVEMBER
* * *
RE-EXPORTS CONTINUED TO SHOW A NOTABLE INCREASE IN NOVEMBER THIS YEAR OVER THE SAME MONTH LAST YEAR. DOMESTIC EXPORTS REMAINED SLUGGISH, WHILE IMPORTS ROSE MODERATELY.
THESE ARE SHOWN IN THE PROVISIONAL FIGURES OF EXTERNAL TRADE FOR NOVEMBER RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS
DEPARTMENT.
THE VALUE OF RE-EXPORTS, AT $72,351 MILLION IN NOVEMBER 1993,
WAS $9,045 MILLION OR 14% HIGHER THAN A YEAR EARLIER.
AFFECTED PARTLY BY THE CONTINUED STRUCTURAL SHIFT TO RE-EXPORTS AND PARTLY BY THE WEAKER DEMAND IN THE OVERSEAS MARKETS, THE VALUE OF DOMESTIC EXPORTS DECREASED FURTHER, BY $1,182 MILLION OR 5.8% ΤΟ $19,145 MILLION IN NOVEMBER.
TOTAL
OF
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE EXPORTS IN NOVEMBER GREW BY $7,863 MILLION OR 9.4% OVER A YEAR EARLIER ΤΟ $91,495 MILLION.
OVER THE SAME PERIOD, THE VALUE OF IMPORTS INCREASED BY $7,362 MILLION OR 8.7% TO $92,469 MILLION.
TOTAL
AS THE VALUE OF TOTAL EXPORTS WAS SMALLER THAN THAT OF IMPORTS, A VISIBLE TRADE DEFICIT OF $974 MILLION, EQUIVALENT TO 1.1% OF THE VALUE OF IMPORTS, WAS RECORDED IN NOVEMBER 1993.
THIS COMPARED WITH A DEFICIT OF $1,476 MILLION, EQUIVALENT TO 1.7% OF THE VALUE OF IMPORTS, RECORDED IN NOVEMBER 1992.
IN THE FIRST 11 MONTHS OF THIS YEAR, THE VALUE OF RE-EXPORTS AMOUNTED TO $749,450 MILLION, WHICH WAS $122,904 MILLION OR 20% HIGHER THAN A YEAR EARLIER.
THE VALUE OF DOMESTIC EXPORTS, AT $202,444 MILLION, WAS $10,020 MILLION OR 4.7% LOWER THAN THAT IN THE SAME PERIOD LAST YEAR.
TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE OF TOTAL EXPORTS IN THE FIRST 11 MONTHS OF 1993, AT $951,894 MILLION, WAS $112,884 MILLION OR 14% HIGHER THAN A YEAR EARLIER.
THE VALUE OF IMPORTS INCREASED BY $111,484 MILLION OR 13% TO $976,548 MILLION.
A TRADE DEFICIT OF $24,654 MILLION, EQUIVALENT TO 2.5% OF THE VALUE OF IMPORTS, WAS RECORDED IN THE FIRST 11 MONTHS OF 1993.
THIS COMPARED WITH A TRADE DEFICIT OF $26,053 MILLION, EQUIVALENT TO 3.0% OF THE VALUE OF IMPORTS, RECORDED A YEAR EARLIER.
THE SHARE OF RE-EXPORTS IN THE VALUE OF TOTAL EXPORTS ROSE TO 79% IN THE FIRST 11 MONTHS OF 1993, FROM 75% IN THE SAME PERIOD 1992.
IN
/COMMENTING ON