XN000022-1987-07-25 — Page 4

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SATURDAY, JULY 25, 1987

JUNE PROVISIONAL TRADE FIGURES PUBLISHED

THE LATTER PROVISIONAL

THE RAPID GROWTH IN EXTERNAL TRADE RECORDED SINCE PART OF 1986 WAS SUSTAINED IN JUNE 1987, ACCORDING TO THE TRADE FIGURES PUBLISHED TODAY (SATURDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

THE VALUE OF DOMESTIC EXPORTS IN JUNE 1987, AT $16,292 MILLION, INCREASED BY 29.9 PER CENT OR $3, 746 MILLION OVER JUNE 1986, WHILE THE VALUE OF RE-EXPORTS INCREASED BY 53.2 PER CENT OR $5,105 MILLION TO $14,703 MILLION.

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VALUE OF $8,851 MILLION TOTAL EXPORTS, AT $30,995 MILLION, WAS 40 PER CENT OR

PER CENT HIGHER THAN IN JUNE 1986. THE VALUE OF IMPORTS GREW BY 40.7 OR $9,292 MILLION OVER JUNE 1986 TO $32,127 MILLION.

THAN

PROPORTION

AS THE GROWTH IN THE VALUE OF IMPORTS WAS SLIGHTLY FASTER THAT OF TOTAL EXPORTS, THE VISIBLE TRADE GAP (THAT IS, THE OF THE VALUE OF IMPORTS NOT COVERED BY THE VALUE OF TOTAL EXPORTS) IN PER CENT JUNE 1987 WIDENED TO 3.5 PER CENT, COMPARED WITH A GAP OF 3 IN JUNE 1986. IN ABSOLUTE VALUE TERMS, THE VISIBLE TRADE DEFICIT

MILLION, WAS RECORDED IN JUNE 1987, AT $1,132

$441 MILLION LARGER THAN THAT RECORDED IN JUNE 1986.

VALUE OF $165,928 MILLION, MADE

OF RE-EXPORTS

$80,133

THE PUTTING THE MONTH'S TRADE FIGURES INTO CONTEXT, TOTAL EXPORTS FOR THE FIRST HALF OF 1987 WAS UP OF DOMESTIC EXPORTS OF $85,795 MILLION AND MILLION.

HALF OF

1986, THE VALUE OF TOTAL

THAT CENT,

OF DOMESTIC THAT OF RE-EXPORTS

COMPARED WITH THE FIRST EXPORTS GREW BY $47,522 MILLION OR 40.1 PER EXPORTS BY $20,422 MILLION OR 31.2 PER CENT, AND BY $27,100 MILLION OR 51.1 PER CENT.

OVER THIS PERIOD, THE VALUE OF IMPORTS GREW BY $48,821 OR 39.6 PER CENT, TO $172,155 MILLION.

A CUMULATIVE VISIBLE TRADE DEFICIT OF EQUIVALENT TO 3.6 PER CENT OF THE VALUE OF IMPORTS, THE FIRST HALF OF 1987. THIS COMPARES WITH A VISIBLE $4,928 MILLION IN THE FIRST HALF OF 1986, WHICH WAS PER CENT OF THE VALUE OF IMPORTS IN THAT PERIOD.

MILLION

MILLION,

$6,227 WAS RECORDED IN OF TRADE DEFICIT EQUIVALENT

TO

/COMMENTING ON