XN000022-1989-08-25 — Page 8

GROWTH RATE IN MONEY TERMS OF :

GDP

PER CAPITA GDP

RATE OF INCREASE IN :

GDP DEFLATOR

DOMESTIC DEMAND DEFLATOR

CONSUMER PRICE INDEX (A)

7

1

FRIDAY, AUGUST 25, 1989

15.6 14.3

14

.9

13.6

9.5

9.4

9.3

9.5

8.

5

PROVISIONAL TRADE FIGURES FOR JULY RELEASED

RE-EXPORTS

WAS

IN JULY, THE YEAR-ON-YEAR GROWTH RATE OF SUBSTANTIAL, WHILE THAT OF DOMESTIC EXPORTS REMAINED MODERATE. THE GROWTH RATE OF IMPORTS SLOWED DOWN SIGNIFICANTLY.

STILL

THESE ARE SHOWN IN THE PROVISIONAL TRADE FIGURES RELEASED TODAY (FRIDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

THE VALUE OF DOMESTIC EXPORTS IN JULY 1989 WAS $21,104 MILLION, $969 MILLION OR 4.8 PER CENT HIGHER THAN IN JULY 1988, WHILE THE VALUE OF RE-EXPORTS INCREASED BY $7,456 MILLION OR 31.1 PER CENT TO $31,431 MILLION.

AT

CENT

THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS), $52,535 MILLION IN JULY 1989, WAS THUS $8,425 MILLION OR 19.1

HIGHER THAN IN JULY 1988.

PER

THE VALUE OF IMPORTS GREW BY 9.8 PER CENT OR $4,329 MILLION OVER A YEAR EARLIER, TO $48,723 MILLION IN JULY 1989.

AS THE GROWTH RATE OF IMPORTS WAS MUCH SLOWER THAN THAT OF EXPORTS, A VISIBLE TRADE SURPLUS OF $3,812 MILLION, EQUIVALENT 7.8 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN JULY 1989.

TOTAL TO

THIS COMPARES WITH A DEFICIT OF #284 MILLION, EQUIVALENT TO 0.6 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN JULY 1988.

PUTTING THESE TRADE FIGURES IN PERSPECTIVE, THE VALUE OF TOTAL EXPORTS IN THE FIRST SEVEN MONTHS OF 1989 WAS $315,689 MILLION, MADE UP OF DOMESTIC EXPORTS OF $123,162 MILLION AND RE-EXPORTS OF $192,527 MILLION.

COMPARED WITH THE FIRST SEVEN MONTHS OF 1988, IN VALUE TERMS TOTAL EXPORTS GREW BY $58,640 MILLION OR 22.8 PER CENT, DOMESTIC EXPORTS BY $7,408 MILLION OR 6.4 PER CENT, AND RE-EXPORTS BY $51,232 MILLION OR 36.3 PER CENT.

OVER THE