XN000022-1980-11-01 — Page 2

SATURDAY, NOVEMBER 1, 1980

EXTERNAL TRADE: PRICE AND VOLUME MOVEMENTS

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THE PRICES OF DOMESTIC EXPORTS AND IMPORTS ROSE BY 8 PER CENT AND 7 PER CENT RESPECTIVELY IN AUGUST 1980 COMPARED WITH THE SAME MONTH LAST YEAR ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.

AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE DOMESTIC EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) IMPROVED SLIGHTLY BY 1 PER CENT. HOWEVER, A MUCH LARGER INCREASE IN VOLUME WAS REGISTERED FOR IMPORTS (+ 20 PER CENT) THAN FOR DOMESTIC EXPORTS (+ 8 PER CENT). ON THE OTHER HAND, THE PRICES OF RE-EXPORTS INCREASED BY 6 PER CENT, WITH VOLUME UP BY 45 PER CENT.

PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF THE GOODS TRADED. CHANGES IN THE VOLUME OF TRADE ARE DERIVED FROM CHANGES IN TRADE VALUES, AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES.

THE FOLLOWING IS AN ANALYSIS OF THE CHANGES IN THE VALUES, UNIT VALUES AND VOLUMES OF DOMESTIC EXPORTS BY COMMODITY:

CHANGES COMPARING AUGUST 1980 WITH AUGUST 1979

EXPORT

VALUES

EXPORT UNIT

VALUES

EXPORT VOLUMES

CLOTHING (EXCEPT FUR)

+ 12%

+ 9%

TEXTILE FABRICS

+ 10%

+ 3%

+ 3% + 6%

TEXTILE YARN AND

THREAD

13%

+ 5%

- 17%

TEXTILE MADE-UPS

AND RELATED

ARTICLES

1496

+ 7%

-

19%

ALL TRANSISTOR IZED

RADIOS

+ 19%

+ 4%

→ 15%

ELECTRONIC

COMPONENTS

+ 39%

+ 12%

+ 24%

FOOTWEAR

+ 13%

+ 14%

METAL MANUFACTURES

+ 30%

+ 15%

1% + 13%

METAL ORES AND

SCRAP

+ 64%

+

5%

+ 56%

WATCHES AND CLOCKS

+ 48%

7%

+ 60%

ALL COMMODITIES

+ 17%

8%

8%

APART FROM WATCHES AND CLOCKS, THE EXPORTS PRICES OF WHICH DROPPED BY 7 PER CENT, EXPORT PRICES OF THE MAJOR COMMODITY GROUPS INCREASED AT VARYING RATES, FROM A 3 PER CENT INCREASE FOR TEXTILE FABRICS TO A 15 PER CENT INCREASE FOR METAL MANUFACTURES.

/CORSIE RAS GROTH