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Price changes are reflected by changes in unit value indices which are compiled based on average unit values or, for certain commodities, based on specific price data.
The terms of trade index, defined as the ratio of total export price index to import price index, recorded an increase of 1% in the first 10 months of 1996 over the same period last year.
The changes in the value, unit value and volume of re-exports by end-use category are shown in Table L.
Analysed by end-use category, increases in re-export volume in October 1996 over a year earlier were recorded for foodstuffs (+30%); capital goods (+20%); raw materials and semi-manufactures (+11%); and consumer goods (+4.8%).
On the other hand, the volume of re-exports of fuels decreased by 7.1%.
Over the same period of comparison, increases were recorded in the prices of re-exports of fuels (+27%); and consumer goods (+0.5%).
On the other hand, re-export prices of raw materials and semi-manufactures; and capital goods decreased by 3.3% and 1.9% respectively. Meanwhile, re-export prices of foodstuffs recorded no significant change.
The changes in the value, unit value and volume of domestic exports by principal commodity group are shown in Table 2.
Comparing October 1996 with October 1995, commodity groups which recorded significant increases in the volume of domestic exports included textile yarn and thread (+30%); metal ores and scrap (+27%); and footwear (+23%).
On the other hand, the volume of domestic exports of radios of all kinds; textile made-ups and related articles; and travel goods. handbags and similar articles decreased by 80%, 48% and 35% respectively.
Commodity groups which recorded more notable increases in domestic export prices included metal ores and scrap (+8.9%); and textile made-ups and related articles (+8.4%).
On the other hand, domestic export prices of electronic components decreased significantly, by 7.1%.