XN000022-1986-01-06 — Page 6

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MONDAY, JANUARY 6, 1986

PRICE, VOLUME CHANGES IN OCTOBER EXTERNAL TRADE

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COMPARING THE FIRST TEN MONTHS OF 1985 WITH THE SAME PERIOD LAST YEAR, THE VOLUME OF DOMESTIC EXPORTS DECLINED BY SEVEN PER CENT WHILE THAT OF RE-EXPORTS GREW BY 29 PER CENT, GIVING AN INCREASE OF SIX PER CENT IN THE VOLUME OF TOTAL EXPORTS, ACCORDING TO STATISTICS RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

IMPORTS INCREASED BY SIX PER CENT IN VOLUME TERMS. OVER THE SAME PERIOD, THE PRICES OF DOMESTIC EXPORTS REMAINED UNCHANGED AND THOSE OF RE-EXPORTS ROSE BY TWO PER CENT. PRICES OF IMPORTS DROPPED BY THREE PER CENT.

PRICES ARE BASED ON UNIT VALUES WHICH DO NOT TAKE INTO ACCOUNT CHANGES IN THE COMPOSITION OR QUALITY OF GOODS TRADED, EXCEPT FOR SOME SELECTED COMMODITIES FOR WHICH SPECIFICATION PRICE INDEXES ARE COMPILED. VOLUMES OF TRADE ARE DERIVED FROM TRADE VALUES BY DISCOUNTING THE EFFECT OF PRICE CHANGES.

COMPARING OCTOBER 1985 WITH OCTOBER 1984, THE VOLUME OF TOTAL EXPORTS DROPPED BY ONE PER CENT, COMPRISING AN INCREASE OF EIGHT PER CENT IN THE VOLUME OF RE-EXPORTS AND A DECLINE OF SEVEN PER CENT IN THAT OF DOMESTIC EXPORTS. IMPORTS INCREASED BY FOUR PER CENT IN VOLUME TERMS.

PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS DROPPED BY FOUR PER CENT AND ONE PER CENT RESPECTIVELY, SO THAT FOR TOTAL EXPORTS, PRICES DECREASED BY THREE PER CENT. PRICES OF IMPORTS DECREASED BY TWO 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) REMAINED AT THE SAME LEVEL AS IN OCTOBER LAST YEAR.

EXTENDING THE PERIOD OF COMPARISON TO THE 12 MONTHS ENDING OCTOBER 1985 WITH THE 12 MONTHS ENDING OCTOBER 1984, THE VOLUME OF DOMESTIC EXPORTS DECREASED BY SIX PER CENT, WHILE THAT OF RE-EXPORTS INCREASED BY 29 PER CENT, GIVING AN INCREASE OF SEVEN PER CENT IN THE VOLUME OF TOTAL EXPORTS.

MEANWHILE, THE VOLUME OF IMPORTS ROSE BY SEVEN PER CENT. PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE, ON AVERAGE, BY TWO PER CENT AND THREE PER CENT RESPECTIVELY, WHILE THAT

IMPORTS DROPPED BY TWO PER CENT.

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THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR OCTOBER AND FOR JANUARY-OCTOBER OF 1985 AS COMPARED WITH THE CORRESPONDING PERIOD IN 1984 ARE SHOWN IN TABLE 1.

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