XN000022-1989-11-08 — Page 77

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WEDNESDAY, NOVEMBER 8, 1989

PRICE, VOLUME MOVEMENTS OF EXTERNAL TRADE IN AUGUST

* *

THE VOLUME OF DOMESTIC EXPORTS AND RE-EXPORTS GREW BY 3 PER CENT AND 26 PER CENT RESPECTIVELY IN THE FIRST EIGHT MONTHS OF 1989 COMPARED WITH THE SAME PERIOD IN 1988. ACCORDING TO STATISTICS RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

TAKING THEM TOGETHER, THERE WAS AN OVERALL INCREASE OF 16 PER CENT IN THE VOLUME OF TOTAL EXPORTS. IMPORTS ALSO INCREASED BY 16 PER CENT IN VOLUME TERMS.

THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES, HAVING DISCOUNTED THE EFFECT OF PRICE CHANGES.

OF COMPARISON,

AND

AS REGARDS PRICE CHANGES OVER THE SAME PERIOD THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 3 PER CENT 6 PER CENT RESPECTIVELY, WHILE THOSE OF IMPORTS ROSE BY 4 PER CENT, AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX ROSE BY 1 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 AVAILABLE.

COMPARING THE MONTH OF AUGUST 1989 WITH AUGUST 1988, THERE WAS NO CHANGE IN THE VOLUME OF DOMESTIC EXPORTS, WHILE THAT OF RE-EXPORTS INCREASED BY 17 PER CENT. HENCE, TAKING DOMESTIC EXPORTS AND RE- EXPORTS TOGETHER, TOTAL EXPORTS GREW BY 9 PER CENT IN VOLUME TERMS. IMPORT VOLUME ALSO INCREASED BY 5 PER CENT.

THE PRICES OF DOMESTIC

OVER THE SAME PERIOD OF COMPARISON, EXPORTS AND RE-EXPORTS ROSE BY 3 PER CENT AND 7 PER CENT RESPECTIVELY. PRICES OF IMPORTS ROSE BY 4 PER CENT.

THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY COMMODITY GROUP FOR AUGUST 1989 COMPARED WITH AUGUST 1988 ARE SHOWN IN TABLE 1.

AS CAN BE SEEN FROM TABLE 1, THE DOMESTIC EXPORT VOLUME OF SOME COMMODITY GROUPS DECREASED IN AUGUST 1989 COMPARED WITH AUGUST 1988.

THESE INCLUDED RADIOS OF ALL KINDS I-38 PER CENT); METAL MANUFACTURES (-27 PER CENT); DOMESTIC ELECTRICAL APPLIANCES (-22 PER CENT); FOOTWEAR (-22 PER CENT); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (-18 PER CENT) AND TEXTILE YARN AND THREAD (-10 PER CENT).

NEVERTHELESS, INCREASES IN DOMESTIC EXPORT VOLUME WERE RECORDED IN TEXTILE FABRICS (+22 PER CENT): ELECTRONIC COMPONENTS (+15 PER (ENT) ¦ METAL ORES AND SCRAP (+13 PER CENT); CLOTHING (+7 PER CENT); TEXTILE MADE-UPS AND RELATED ARTICLES (+5 PER CENT) AND WATCHES AND CLOCKS (+4 PER CENT).

/PRICES OF