XN000022-1989-10-25 — Page 21

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WEDNESDAY, OCTOBER 25. 1989

PROVISIONAL TRADE FIGURES FOR SEPTEMBER RELEASED

THE VALUE OF DOMESTIC EXPORTS RECORDED A SMALL DECLINE IN SEPTEMBER 1989 WHEN COMPARED WITH SEPTEMBER 1988.

OVER THE SAME PERIOD. THE GROWTH RATE OF RE-EXPORTS, THOUGH STILL SIGNIFICANT, CONTINUED TO SLOW DOWN. THE GROWTH RATE OF IMPORTS ALSO MODERATED.

THIS IS SHOWN IN THE PROVISIONAL TRADE FIGURES RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

THE VALUE OF DOMESTIC EXPORTS IN SEPTEMBER 1989 WAS $19,542 MILLION, 9409 MILLION OR 2.1 PER CENT LOWER THAN IN SEPTEMBER 1988, PER WHILE THE VALUE OF RE-EXPORTS INCREASED BY $4,212 MILLION OR 16.1 CENT TO $30.435 MILLION.

THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS}, AT $49,977 MILLION IN SEPTEMBER 1989. WAS THUS $3,803 MILLION OR 8.2 PER CENT HIGHER THAN IN SEPTEMBER 1988.

THE VALUE OF IMPORTS GREW BY 5 PER CENT OR $2.217 MILLION OVER A YEAR EARLIER. TO $46,908 MILLION IN SEPTEMBER 1989.

AS THE GROWTH RATE OF IMPORTS WAS SLOWER THAN THAT OF TOTAL 6.5 EXPORTS. A VISIBLE TRADE SURPLUS OF $3,069 MILLION, EQUIVALENT TO PER CENT OF THE VALUE OF IMPORTS. WAS RECORDED IN SEPTEMBER 1989.

THIS COMPARES WITH A SURPLUS OF $1.483 MILLION, EQUIVALENT 3.3 PER CENT OF THE VALUE OF IMPORTS RECORDED IN SEPTEMBER 1988.

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THE SURPLUSES RECORDED IN SEPTEMBER ARE LARGELY SEASONAL.

PUTTING THESE TRADE FIGURES IN PERSPECTIVE. THE VALUE OF TOTAL EXPORTS IN THE FIRST NINE MONTHS OF 1989 WAS $418,716

MADE MILLION, UP OF DOMESTIC EXPORTS OF $163,928 MILLION AND RE-EXPORTS OF $254,788 MILLION.

COMPARED WITH THE FIRST NINE MONTHS OF

1988, IN VALUE TERMS MILLION OR TOTAL EXPORTS GREW BY $69,395

19.9 PER CENT. DOMESTIC BY $61.840 EXPORTS BY $7.555 MILLION OR 4.8 PER CENT, AND RE-EXPORTS MILLION OR 32.1 PER CENT.

OVER THE SAME PERIOD, THE VALUE OF IMPORTS GREW BY $65,627 MILLION OR 18.5 PER CENT, TO $420,230 MILLION.

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A VISIBLE TRADE DEFICIT OF $1,514 MILLION, EQUIVALENT TO 0.

WAS RECORDED PER CENT OF THE VALUE OF IMPORTS,

IN THE FIRST NINE

MONTIIS OF 1989.

THIS COMPARES