XN000022-1983-11-06 — Page 3

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SUNDAY, NOVEMBER 6, 1983

AUGUST PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE ******

THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS IN AUGUST 1983 ROSE, ON AVERAGE, BY 9 PER CENT AND 10 PER CENT RESPECTIVELY OVER AUGUST 1982 SO THAT, FOR TOTAL EXPORTS, PRICES WERE UP BY 10 PER CENT. 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 3 PER CENT.

THE VOLUME OF DOMESTIC EXPORTS ROSE BY 18 PER CENT AND THAT OF RE-EXPORTS ROSE BY 22 PER CENT SO THAT A 19 PER CENT INCREASE WAS RECORDED IN THE VOLUME OF TOTAL EXPORTS.

MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY 15 PER CENT.

SINCE THE PRICES OF DOMESTIC EXPORTS AND OF RE-EXPORTS BOTH INCREASED BY 6 PER CENT IN THE FIRST EIGHT MONTHS OF 1983, COMPARED WITH THE SAME PERIOD LAST YEAR, DOMESTIC EXPORTS GREW BY 11 PER CENT AND RE-EXPORTS BY 10 PER CENT IN VOLUME TERMS.

AS THE PRICES OF IMPORTS WERE 8 PER CENT HIGHER OVER THE SAME PERIOD, IMPORTS RECORDED A 6 PER CENT GROWTH IN VOLUME TERMS.

COMPARISON OF THE 12 MONTHS ENDING AUGUST THIS YEAR WITH THE TWELVE MONTHS ENDING AUGUST 1982, SHOWS THAT THE PRICES OF IMPORTS AND RE-EXPORTS BOTH ROSE, ON AVERAGE, BY 6 PER CENT AND THOSE OF DOMESTIC EXPORTS BY 5 PER CENT.

THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 6 PER CENT AND THAT OF RE-EXPORTS ROSE BY 5 PER CENT, THUS GIVING A 6 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS. A 4 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, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP ARE SHOWN IN TABLE 1.

AS SEEN FROM TABLE 1, THE EXPORT PRICES OF ALL COMMODITY GROUPS INCREASED, FROM 2 PER CENT FOR RADIOS OF ALL KINDS TO 25 PER CENT FOR METAL ORES AND SCRAP.

DOMESTIC EXPORT VOLUME OF MOST COMMODITY GROUPS INCREASED, THE MORE SIGNIFICANT ONE BEING METAL ORES AND SCRAP (+399 PER CENT), ELECTRONIC COMPONENTS (+67 PER CENT), TEXTILE YARN AND THREAD (+49 PER CENT), AND TEXTILE FABRICS +39 PER CENT).

/HOWEVER,