XN000022-1983-10-04 — Page 3

TUESDAY, OCTOBER 4, 1963

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PRICE AND VOLUME MOVEMENTS OF JULY EXTERNAL TRADE

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THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE,

ON AVERAGE,

BY EIGHT PER CENT AND NINE PER CENT RESPECTIVELY SO THAT, FOR TOTAL EXPORTS, PRICES WERE UP BY EIGHT PER CENT IN JULY 1983 AS COMPARED WITH JULY 1982, ACCORDING TO STATISTICS RELEASED TODAY BY THE CENSUS AND STATISTICS DEPARTMENT.

MEANWHILE, THE PRICES OF IMPORTS ROSE BY 13 PER CENT.

AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF THE TOTAL EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) DROPPED BY FOUR PER CENT.

THE VOLUME OF DOMESTIC EXPORTS ROSE BY 19 PER CENT AND THAT OF RE-EXPORTS ROSE BY 20 PER CENT SO THAT A 19 PER CENT INCREASE WAS RECORDED IN THE VOLUME OF TOTAL EXPORTS. MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY NINE PER CENT.

SINCE THE PRICES OF DOMESTIC EXPORTS AND OF RE-EXPORTS BOTH INCREASED BY SIX PER CENT IN THE FIRST SEVEN MONTHS OF 1983 COMPARED WITH THE SAME PERIOD LAST YEAR, DOMESTIC EXPORTS GREW BY 10 PER CENT AND RE-EXPORTS BY EIGHT PER CENT IN VOLUME TERMS. AS THE PRICES OF IMPORTS WERE EIGHT PER CENT HIGHER OVER THE SAME PERIOD, IMPORTS RECORDED A FIVE PER CENT GROWTH IN VOLUME TERMS.

EXTENDING THE PERIOD OF COMPARISON TO THE TWELVE MONTHS ENDING JULY THIS YEAR WITH THE TWELVE MONTHS ENDING JULY 1982, THE PRICES OF DOMESTIC EXPORTS, IMPORTS AND RE-EXPORTS ROSE, ON AVERAGE, BY THE FOUR PER CENT, FIVE PER CENT AND SIX PER CENT RESPECTIVELY. VOLUME OF DOMESTIC EXPORTS INCREASED BY FOUR PER CENT AND THAT OF RE-EXPORTS ROSE BY THREE PER CENT, THUS GIVING A FOUR PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS. MEANWHILE, A THREE PER CENT INCREASE 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.

AS SEEN FROM TABLE 1, THE EXPORT PRICES OF MOST COMMODITY GROUPS INCREASED. FROM TWO PER CENT FOR FOOTWEAR TO 39 PER CENT FOR ELECTRONIC COMPONENTS. ON THE OTHER HAND, DECREASES IN EXPORT PRICES WERE RECORDED FOR RADIOS OF ALL KINDS (-1 PER CENT) AND WATCHES AND CLOCKS (-2 PER CENT).

DOMESTIC EXPORT VOLUME OF ALL COMMODITY GROUPS INCREASED, THE MORE SIGNIFICANT ONES BEING METAL ORES AND SCRAP (+288 PER CENT) TEXTILE YARN AND THREAD (+60 PER CENT), ELECTRONIC COMPONENTS (+44 PER CENT), AND TEXTILE FABRICS (+43 PER CENT).

THE CHANGES