XN000022-1988-01-08 — Page 4

FRIDAY, JANUARY 8. 1988

OCTOBER PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE

THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 25 PER CENT AND 47 PER CENT RESPECTIVELY IN THE FIRST 10 MONTHS OF 1987 AS COMPARED WITH THE SAME PERIOD LAST YEAR. STATISTICS RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT INDICATED.

HENCE, THERE WAS AN OVERALL INCREASE OF 34 PER CENT IN THE VOLUME OF TOTAL EXPORTS.

IMPORTS INCREASED BY 32 PER CENT IN VOLUME TERMS.

COMPARISON, THE PRICES OF

DOMESTIC

ON THE SAME BASIS OF EXPORTS AND RE-EXPORTS ROSE BY 3 PER CENT AND 2 PER CENT RESPECTIVELY, SO THAT THE PRICES OF TOTAL EXPORTS INCREASED BY 3 PER CENT.

PRICES OF IMPORTS, ON THE OTHER HAND, ROSE BY 4 PER CENT.

OF

AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO THE TOTAL EXPORT PRICE INDEX TO THE IMPORT PRICE INDEX) DROPPED BY 1 PER CENT.

COMPARING OCTOBER 1987 WITH OCTOBER 1986, THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 16 PER CENT AND 35 PER CENT RESPECTIVELY.

HRNCE, TOTAL EXPORTS GREW BY 24 PER CENT IN VOLUME TERMS.

IMPORT VOLUME 1NCREASED BY 19 PER CENT.

ON THE

SAME BASTS OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS ROSE BY 2 PER CENT; RE-EXPORT PRICES ROSE BY 3 PER CENT WHILE IMPORT PRICES ROSE BY 4 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.

THE VOLUME OF TRADE 1S DERIVED FROM TRADE VALUES BY DISCOUNTING THE EFFECT OF PRICE CHANGES.

THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR OCTOBER 1987 AS COMPARED WITH OCTOBER 1986 ARE SHOWN IN TABLE 1.

I

AS CAN BE SEEN FROM TABLE 1 PRICES OF DOMESTIC EXPORTS OF MOST COMMODITY GROUPS INCREASED IN OCTOBER 1987 COMPARED WITH OCTOBER 1986.

THESE INCLUDED