XN000022-1990-08-24 — Page 8

FRIDAY, AUGUST 24, 1990

THE

7

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PROVISIONAL TRADE FIGURES FOR JULY RELEASED

PERFORMANCE OF DOMESTIC EXPORTS REMAINED WEAK IN JULY, WHILE RE-EXPORTS CONTINUED TO RISE MARKEDLY OVER A YEAR EARLIER.

INCREASE OVER THE SAME

IMPORTS ALSO SHOWED A SIGNIFICANT PERIOD, AND THESE INCLUDED SOME INCREASE IN RETAINED IMPORTS.

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

OF

THE VALUE OF DOMESTIC EXPORTS IN JULY 1990, AT $20,409 MILLION, WAS $695 MILLION OR 3.3 PER CENT LESS THAN IN JULY 1989. THE VALUE RE-EXPORTS, HOWEVER, INCREASED BY $1,763 MILLION OR 15.2 PER CENT $36,194 MILLION.

TO

OF

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VALUE TOTAL EXPORTS ROSE BY $4,068 MILLION OR 7.7 PER CENT OVER A YEAR EARLIER, TO $56,603 MILLION IN JULY 1990.

THE VALUE OF IMPORTS GREW BY $5,756 MILLION OR 11. .8 PER CENT OVER A YEAR EARLIER, TO $54,479 MILLION IN JULY 1990.

IMPORTS, CENT

AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT OF A VISIBLE TRADE SURPLUS OF $2,124 MILLION, EQUIVALENT TO 3.9 PER OF THE VALUE OF IMPORTS, WAS RECORDED IN JULY 1990.

THIS COMPARES WITH A SURPLUS OF $3,812 MILLION, EQUIVALENT 7.8 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN JULY 1989.

ΤΟ

PUTTING THESE FIGURES IN PERSPECTIVE, THE VALUE OF TOTAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 1990 WAS $340,238 MILLION, MADE UP OF DOMESTIC EXPORTS OF $120,948 MILLION AND RE-EXPORTS OF $219,290 MILLION.

COMPARED WITH THE FIRST SEVEN MONTHS OF 1989, TOTAL EXPORTS DOMESTIC GREW BY $24,549 MILLION OR 7.8 PER CENT IN VALUE TERMS, WITH EXPORTS FALLING BY $2,214 MILLION OR 1.8 PER CENT AND RE-EXPORTS RISING BY $26,763 MILLION OR 13.9 PER CENT.

OVER THE SAME PERIOD, THE VALUE OF IMPORTS ROSE BY $20,965 MILLION OR 6.4 PER CENT, TO $346,312 MILLION.

TO 1.8

A VISIBLE TRADE DEFICIT OF $6,074 MILLION, EQUIVALENT CENT

THE OF THE VALUE OF IMPORTS, WAS RECORDED IN PER

FIRST SEVEN MONTHS OF 1990. THIS COMPARES WITH A DEFICIT OF $9,658 MILLION, EQUIVALENT TO 3.0 PER CENT OF THE VALUE OF IMPORTS, RECORDED SAME PERIOD IN 1989.

IN THE

COMMENTING ON THE JULY FIGURES, A GOVERNMENT SECRETARIAT SPOKESMAN SAID THAT RE-EXPORTS CONTINUED TO FARE CONSIDERABLY THAN DOMESTIC EXPORTS BOTH IN ABSOLUTE VALUE AND IN TERMS OF RATE, AND THIS WAS LARGELY ATTRIBUTABLE TO THE STRONG GROWTH EXPORTS OF CHINA ORIGIN. RE-EXPORTS TO CHINA ALSO IMPROVED IN MONTHS.

BETTER GROWTH IN RE- RECENT

/AS REGARDS