XN000022-1984-10-08 — Page 2

MONDAY, OCTOBER 8, 1934

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PRICES AND VOLUMES FOR JULY TRADE

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JULY 1984 PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND TOTAL EXPORTS ALL ROSE. ON AVERAGE. BY 15 PER CENT AS COMPARED WITH JULY 1983 FIGURES, THE CENSUS AND STATISTICS DEPARTMENT REPORTS.

IMPORT PRICES ROSE BY 14 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) ROSE BY ONE PER CENT.

THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 15 PER CENT AND 29 PER CENT RESPECTIVELY, SO THAT THE VOLUME OF TOTAL EXPORTS INCREASED BY 20 PER CENT. MEANWHILE, THE VOLUME OF IMPORTS INCREASED BY 14 PER CENT.

A COMPARISON OF THE FIRST SEVEN MONTHS' FIGURES WITH THOSE FOR THE SAME PERIOD LAST YEAR, SHOWS DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 24 PER CENT AND 33 PER CENT RESPECTIVELY IN VOLUME TERMS, WHILE IMPORTS GREW BY 18 PER CENT. OVER THE PERIOD, THE PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND IMPORTS ALL ROSE BY 16 PER CENT,

A COMPARISON OF FIGURES FOR THE TWELVE MONTHS ENDING JULY THIS YEAR WITH THOSE FOR THE TWELVE MONTHS ENDING JULY 1983, SHOWS THAT THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS BOTH ROSE, ON AVERAGE, BY 15 PER CENT, AND THOSE OF IMPORTS BY 17 PER CENT. THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 22 PER CENT AND 29 PER CENT RESPECTIVELY, THUS GIVING A 24 PER CENT INCREASE IN THE VOLUME OF TOTAL EXPORTS, MEANWHILE, THE VOLUME OF IMPORTS ROSE BY 17 PER CENT.

A SPOKESMAN FOR THE DEPARTMENT EXPLAINED THAT 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.

AS SEEN FROM TABLE 1, THE EXPORT PRICES OF NEARLY ALL COMMODITY GROUPS INCREASED, FROM ONE PER CENT FOR WATCHES AND CLOCKS TO 26 PER CENT FOR TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES. HOWEVER, A DECREASE OF EIGHT PER CENT IN EXPORT PRICES WAS REGISTERED FOR METAL ORES AND SCRAP.

THE DOMESTIC EXPORT VOLUME OF MOST OF THE COMMODITY GROUPS INCREASED SIGNIFICANTLY, THE MORE SUBSTANTIAL ONES BE ING ELECTRONIC COMPONENTS (+41%), DOMESTIC ELECTRICAL APPLIANCES (+31%), FOOTWEAR (+29%), METAL MANUFACTURES (+25%), RADIOS OF ALL KINDS (+25%), TEXTILE MADE-UPS AND RELATED ARTICLES (+229) AND CLOTHING (+13%). HOWEVER, DECREASES IN DOMESTIC EXPORT VOLUME WERE RECORDED FOR METAL ORES AND SCRAP (-27%), TEXTILE YARN AND THREAD (-15%), TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (-5%) AS WELL AS WATCHES AND CLOCKS (-2%).

/AS PRESENTED