MONDAY, APRIL 19, 1982
PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE FOR JANUARY 1982 ******
PRICES OF DOMESTIC EXPORTS ROSE BY NINE PER CENT AND THOSE OF IMPORTS BY 14 PER CENT IN JANUARY 1982 AS COMPARED WITH JANUARY 1981, ACCORDING TO STATISTICS RELEASED TODAY (MONDAY) 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) DECLINED BY FOUR PER CENT.
THE VOLUME OF IMPORTS DROPPED BY 18 PER CENT AND THAT OF DOMESTIC EXPORTS BY TEN PER CENT.
THE PRICES OF RE-EXPORTS ROSE BY 13 PER CENT, BUT VOLUME FELL BY 12 PER CENT, SO THAT FOR TOTAL EXPORTS, PRICES WERE UP BY TEN PER CENT AND VOLUME WAS DOWN BY 11 PER CENT.
FOR THE TWELVE-MONTH PERIOD TO JANUARY 1982 AS COMPARED WITH THE TWELVE MONTHS TO JANUARY 1981, THE PRICES OF DOMESTIC EXPORTS ROSE BY NINE PER CENT, THOSE OF IMPORTS BY 12 PER CENT AND THOSE OF RE-EXPORTS BY NINE PER CENT. THE VOLUME OF DOMESTIC EXPORTS EXPANDED BY SIX PER CENT AND THAT OF RE-EXPORTS BY 23 PER CENT, GIVING AN 11 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS AS AGAINST AN EIGHT PER CENT INCREASE IN THE VOLUME OF IMPORTS.
PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED. CHANGES IN THE VOLUME OF TRADE ARE DERIVED FROM CHANGES IN TRADE VALUES, AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES.
THE TRADE INDEXES ARE REBASED TO 1981 (1.E. 1981 100) COMMENCING JANUARY 1982. TRADE INDEXES BEFORE JANUARY 1982 (1973 BASED) ARE SPLICED TO THE NEW SERIES USING THE 1981 PUBLISHED TRADE INDEXES. HOWEVER, THE TWO SERIES ARE NOT STRICTLY COMPARABLE DUE TO THE RECLASSIFICATION OF SOME ITEMS AND SLIGHT CHANGES IN ITEM COVERAGE.
THE CHANGES IN THE VALUE UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP ARE SHOWN BELOW :-
/CHANGES COMPARING
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