XN000022-1989-06-27 — Page 5

TUESDAY, JUNE 27, 1989

PROVISIONAL TRADE FIGURES FOR MAY RELEASED

*

IN MAY, THE YEAR-ON-YEAR GROWTH RATE OF

DOMESTIC EXPORTS WAS

LOW, WHILE THOSE OF RE-EXPORTS AND IMPORTS WERE ALSO LESS IN THE EARLIER MONTHS OF THIS YEAR.

THE

RAPID THAN

TRADE FIGURES PROVISIONAL SHOWN ARE

IN POINTS THESE RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

MILLION, VALUE $28,012

THE VALUE OF DOMESTIC EXPORTS IN MAY 1989 WAS $17,695 8421 MILLION OR 2.4 PER CENT HIGHER THAN IN MAY 1988, WHILE THE OF RE-EXPORTS INCREASED BY $6,559 MILLION OR 30.6 PER CENT TO MILLION.

THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS AT $45,707 MILLION IN MAY 1989, WAS THUS $6,980 MILLION CENT HIGHER THAN IN MAY 1988.

THE VALUE OF IMPORTS GREW BY 22.9 PER CENT OVER A YEAR EARLIER, TO $48,619 MILLION IN MAY 1989.

RE-EXPORTS), OR 18.0 PER

OR $9,061 MILLION

EQUIVALENT TO 6.0

MAY 1989.

2.1 PER

THIS

CENT

A VISIBLE TRADE DEFICIT OF $2,912 MILLION,

RECORDED IN WAS PER CENT OF THE VALUE OF IMPORTS, COMPARES WITH A DEFICIT OF $831 MILLION, EQUIVALENT TO OF THE VALUE OF IMPORTS, RECORDED IN MAY 1988.

TOTAL

PUTTING THESE TRADE FIGURES IN PERSPECTIVE, THE VALUE OF

MILLION, MADE EXPORTS IN THE FIRST FIVE MONTHS OF 1989 WAS $214,311 UP OF DOMESTIC EXPORTS OF $83,102 MILLION AND RE-EXPORTS MILLION.

OF $131,209

1988, IN VALUE TERMS COMPARED WITH THE FIRST FIVE MONTHS OF

MILLION OR

DOMESTIC 24.3 PER CENT, TOTAL EXPORTS GREW BY $41,856

BY 836,253 EXPORTS BY $5,603 MILLION OR 7.2 PER CENT, AND RE-EXPORTS MILLION OR 38.2 PER CENT.

GREW BY $48,064 A VISIBLE TRADE OF THE VALUE

IMPORTS OF OVER THE SAME PERIOD, THE VALUE

TO PER CENT,

#226,569 MILLION. MILLION OR 26.9 DEFICIT OF $12,258 MILLION, EQUIVALENT TO 5.4 PER CENT OF IMPORTS, WAS RECORDED IN THE FIRST FIVE MONTHS OF 1989.

ON COMMENTING

THESE THERE

GOVERNMENT SECRETARIAT

INDICATIONS

MAINLY

A FIGURES,

SAID THAT

WERE PRELIMINARY SPOKESMAN

IN SUGGESTED THAT THE RATHER SLOW GROWTH

YEAR EARLIER MONTH OF MAY OVER A DOMESTIC EXPORTS TO THE UNITED STATES,

NOTWITHSTANDING AND THE RECORDED FOR DOMESTIC EXPORTS TO CHINA.

UNITED

KINGDOM,

WAS

WHICH

THE DOMESTIC EXPORTS FOR

IN DUR

TO DECLINES FEDERAL REPUBLIC OF GERMANY A SIGNIFICANT INCREASE

ON THE OTHER HAND, THE YEAR-ON-YEAR IMPORTS WAS HIGHER IN MAY THAN APRIL.

GROWTH RATE OF RETAINED

/IT APPEARED