MONDAY, FEBRUARY 25, 1980
7
IN SUPPORT OF THIS CONTENTION, HE POINTED OUT THAT THE FIGURES FOR THE LATEST THREE MONTHS, THAT IS, NOVEMBER 1979 TO JANUARY 1980 SHOWED INCREASES, BY VALUE, COMPARED WITH THE PERIOD NOVEMBER 1978 TO JANUARY 1979, OF 33 PER CENT FOR DOMESTIC EXPORTS, 50 PER CENT FOR RE-EXPORTS, 37 PER CENT FOR TOTAL EXPORTS AND 32 PER CENT FOR IMPORTS.
IN ADDITION, THE FIGURES FOR THE 12-MONTH PERIOD FROM FEBRUARY 1979 TO JANUARY 1980 COMPARED WITH THOSE FOR THE PREVIOUS 12-MONTH PERIOD SHOWED INCREASES, BY VALUE, OF 36 PER CENT FOR DOMESTIC EXPORTS, 52 PER CENT FOR RE-EXPORTS, 40 PER CENT FOR TOTAL EXPORTS AND 38 PER CENT FOR IMPORTS. SO THE RECENT TRENDS IN THE TRADE STATISTICS, NAMELY THAT TOTAL EXPORTS ARE GROWING FASTER THAN IMPORTS AND THAT THE RE-EXPORT TRADE IS EXPANDING RAPIDLY ARE STILL APPARENT.
THE GOVERNMENT SPOKESMAN ALSO POINTED OUT THAT, ALTHOUGH THE VISIBLE TRADE DEFICIT WAS RELATIVELY LARGE IN JANUARY 1980, THE VISIBLE TRADE +GAP+, THAT IS THE EXTENT TO WHICH THE VALUE OF IMPORTS IS NOT COVERED BY THE VALUE OF TOTAL EXPORTS, FOR THE THREE-MONTH PERIOD NOVEMBER 1979 TO JANUARY 1980 WAS 11 PER CENT COMPARED WITH 15 PER CENT FOR THE THREE-MONTH PERIOD NOVEMBER 1978 TO JANUARY 1979.
FOLLOWING ARE COMPARATIVE TRADE FIGURES:
NOVEMBER 1979 NOVEMBER 1978
LATEST THREE MONTHS
TO JANUARY 1980
ΤΟ JANUARY 1979
INCREASE OR
DECREASE
$ MN.
$ MN.
$ MN.
%
DOMESTIC EXPORTS
15 914
11 968
+ 3 946
+ 33.0
RE-EXPORTS
5 937
3 953
+ 1 984
+ 50.2
TOTAL EXPORTS
21 851
15 921
+ 5 931
+ 37.3
IMPORTS
24 661
18 716
+ 5 945
+ 31.8
TRADE BALANCE
- 2 810
2 795
15
SAME MONTH LAST YEAR
JANUARY
1980
$ MN.
JANUARY
1979
$ MN.
INCREASE OR
DECREASE
$ MN.
%
DOMESTIC EXPORTS
(% OF TOTAL EXPORTS)
4 997 (70.9%)
3 817 (74.49%)
+ 1 180
+ 30.9
RE-EXPORTS
2 047
1 311
736
✦ 56.1
TOTAL EXPORTS
7 044
5 128
+ 1 916
+ 37.4
IMPORTS
8 132
5 358
+ 2 775
+ 51.8
TRADE BALANCE
1 088
230
858
/LAST MONTH
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