XN000022-1979-11-26 — Page 3

MONDAY, NOVEMBER 26, 1979

2

+IN FACT THE GROWTH IN IMPORTS WAS ATTRIBUTABLE MAINLY TO RAPID INCREASES IN IMPORTS OF RAW MATERIALS, SEMI-MANUFACTURES AND CAPITAL GOODS. IN OTHER WORDS THE INCREASES HAD DERIVED FROM GOOD EXPORT PROSPECTS RATHER THAN FROM GROWING DOMESTIC CONSUMPTION, HE SAID.

THE FOLLOWING ARE COMPARATIVE TRADE FIGURES:-

LATEST 3 MONTHS

AUG-OCT

1979

AU G-OCT

1978

INCREASE OR

DECREASE

$ MN.

$ MN.

$ MN.

%

DOMESTIC

EXPORTS

16 425

11 590

+ 4 836

+ 41.7

RE-EXPORTS

5 283

3 658

+ 1 625

+ 44.4

TOTAL EXPORTS

21 709

15 248

+ 6 461

+ 42.4

IMPORTS

23 266

16 434

+ 6 832

+ 41.6

TRADE BALANCE

- 1 557

1 186

371

SAME MONTH

OCTOBER 1979

OCTOBER

1978

INCREASE OR DECREASE

LAST YEAR

$ MN.

$ MN.

$ MN.

%

DOMESTIC

EXPORTS

5 322

3 806

+1 517

+ 39.8

(% OF TOTAL

EXPORTS)

(74.8%) (75.4%)

RE-EXPORTS

1 796

1 238

558

+ 45.0

TOTAL EXPORTS

7 118

5 044

+ 2 074

+ 41.1

IMPORTS

8 299

5 605

+ 2 694

+ 48.1

TRADE BALANCE

-1 181

561

620

LAST MONTH

OCTOBER

1979

SEPTEMBER

1979

INCREASE OR

DECREASE

$ MN.

$ MN.

$ MN.

%

DOMESTIC

EXPORTS

5 322

5 316

6

+ 0.1

{% OF TOTAL EXPORTS)

(74.8%)

(75.4%)

RE-EXPORTS

1 796

1 734

+ 62

+ 3.6

TOTAL EXPORTS

7 118

7 051

68

+ 1.0

/IMPORTS