XN000022-1990-12-28 — Page 2

FRIDAY, DECEMBER 28, 1990

PROVISIONAL TRADE FIGURES FOR NOVEMBER 1990 RELEASED.

* *

DOMESTIC EXPORTS PICKED UP MARKEDLY IN EXPORTS SHOWED A FURTHER SUBSTANTIAL INCREASE. IMPORTS ALSO ROSE SUBSTANTIALLY IN NOVEMBER.

NOVEMBER,

WHILE RE-

IMPORTS AND RETAINED

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

THE

VALUE

$21,878

MILLION

IN

AT 1990, OF DOMESTIC EXPORTS IN NOVEMBER

12.7 OR

HIGHER THAN WAS

MILLION

PER CENT MILLION,

$2,466 NOVEMBER 1989. THE VALUE OF RE-EXPORTS INCREASED BY $12,659 OR 42.1 PER CENT TO $42,705 MILLION.

OF

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VALUE

A YEAR TOTAL EXPORTS ROSE BY $15,125 MILLION OR 30.6 PER CENT OVER

THE VALUE OF IMPORTS EARLIER, TO $64,583 MILLION IN NOVEMBER 1990.

EARLIER, YEAR GREW BY

MILLION OR 38.3 PER CENT OVER A $17,748 $64,092 MILLION IN NOVEMBER 1990.

TO

IMPORTS,

AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT OF A VISIBLE TRADE SURPLUS OF $491 MILLION, EQUIVALENT TO 0.8 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED IN NOVEMBER 1990.

ΤΟ

TOTAL

THIS COMPARES WITH A SURPLUS OF $3,114 MILLION, EQUIVALENT 6.7 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN NOVEMBER 1989.

OF IN PERSPECTIVE, THE VALUE PUTTING THESE FIGURES EXPORTS FOR THE FIRST 11 MONTHS OF 1990 WAS $582,901 MILLION, MADE UP AND RE-EXPORTS OF $377,238- OF DOMESTIC EXPORTS OF $205,663 MILLION MILLION.

GREW

RE-EXPORTS BY

COMPARED WITH THE FIRST 11 MONTHS OF 1989, TOTAL EXPORTS

TERMS, WITH DOMESTIC BY $61,893 MILLION OR 11.9 PER CENT IN VALUE EXPORTS RISING BY $1,474 MILLION OR 0.7 PER CENT AND $60,419 MILLION OR 19.1 PER CENT.

OVER THE SAME PERIOD, THE VALUE OF IMPORTS MILLION OR 13.2 PER CENT, TO $583,169 MILLION.

ROSE BY $67,832

ACCOUNT

WITH A DEFICIT OF ONLY $268 MILLION, THE VISIBLE TRADE WAS VIRTUALLY

MONTHS OF 1990. IN BALANCE IN THE FIRST 11 COMPARES WITH A SURPLUS OF $5,671 MILLION, EQUIVALENT TO 1.1 PER OF THE VALUE OF IMPORTS, RECORDED IN THE SAME PERIOD IN 1989.

THIS

CENT

EXPORTS RATE IN

COMMENTING ON THE NOVEMBER FIGURES, A GOVERNMENT SPOKESMAN SAID THAT AFTER RECOVERING TO POSITIVE GROWTH IN OCTOBER, DOMESTIC PICKED UP FURTHER IN NOVEMBER, WITH THE YEAR-ON-YEAR GROWTH THAT MONTH BEING THE HIGHEST SINCE MARCH 1989.

NOVEMBER WAS

THE REVIVAL IN DOMESTIC EXPORTS IN OCTOBER AND PRECEDED BY SIGNIFICANT INCREASES IN RETAINED IMPORTS OF RAW MATERIALS AND SEMI-MANUFACTURES SINCE JULY THIS YEAR.

/ON RE-EXPORTS

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