XN000022-1983-06-15 — Page 3

"

~

WEDNESDAY, JUNE 15, 1983

7

AS A

MEANWHILE, THE PRICES OF IMPORTS ROSE BY FIVE PER CENT. RESULT. THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE TOTAL EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) DECREASED BY ONE PER CENT.

THE VOLUME OF DOMESTIC EXPORTS DROPPED BY THREE PER CENT BUT THAT OF RE-EXPORTS ROSE BY FIVE PER CENT SO THAT NO SIGNIFICANT CHANGE WAS RECORDED IN THE VOLUME OF TOTAL EXPORTS.

MEANWHILE, THE VOLUME OF IMPORTS DECREASED BY TWO PER CENT.

PUTTING THESE COMPARATIVE FIQURES INTO CONTEXT, A GOVERNMENT SECRETARIAT SPOKESMAN POINTED OUT THAT THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS IN THE FIRST QUARTER OF 1983 WERE FOUR PER CENT AND THREE PER CENT HIGHER THAN IN THE SAME QUARTER OF 1982.

THUS THE GROWTH RATE OF DOMESTIC EXPORTS AND RE-EXPORTS IN VOLUME TERMS WERE THREE PER CENT AND TWO PER CENT RESPECTIVELY.

OVER THE SAME PERIOD, THE PRICES OF IMPORTS ROSE BY FOUR PER CENT. THUS IMPORTS RECORDED A DECLINE OF ONE PER CENT IN VOLUME. TERMS.

EXTENDING THE PERIOD OF COMPARISON TO THE TWELVE MONTHS ENDING MARCH THIS YEAR WITH THE TWELVE MONTHS ENDING MARCH 1982, THE PRICES OF DOMESTIC EXPORTS ROSE ON THE AVERAGE BY FIVE PER CENT, THOSE OF IMPORTS BY FOUR PER CENT AND THOSE OF RE-EXPORTS BY SEVEN PER CENT. THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH DECREASED BY TWO PER CENT, THUS GIVING A TWO PER CENT DECREASE IN THE VOLUME OF TOTAL EXPORTS AND A TWO PER CENT DROP WAS ALSO RECORDED 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 CHANGES IN THE VALUE, EXPORTS BY COMMODITY GROUP ARE

UNIT VALUE AND VOLUME OF DOMESTIC SHOWN IN TABLE 1 AT THE END.

AS SEEN FROM TABLE 1, THE EXPORT PRICES OF MOST COMMODITY GROUPS INCREASED, FROM TWO PER CENT FOR TEXTILE FABRICS TO 27 PER CENT FOR ELECTRONIC COMPONENTS.

ON THE OTHER HAND, DECREASES IN EXPORT PRICES WERE RECORDED FOR DOMESTIC ELECTRICAL APPLIANCES (-2 PER CENT), RADIOS OF ALL KINDS (-3 PER CENT), TEXTILE YARN AND THREAD (-4° PER CENT) AND WATCHES AND CLOCKS (-10 PER CENT).

CONSIDERABLE GROWTH IN THE VOLUME OF DOMESTIC EXPORTS WAS RECORDED FOR METAL ORES AND SCRAP (+210 PER CENT), TEXTILE YARN AND THREAD (+37 PER CENT) AND WATCHES AND CLOCKS (+21 PER CENT).

/HOWEVER,