XN000022-1991-06-28 — Page 5

-

PROVISIONAL TRADE FIGURES FOR MAY 1991

* * *

J

WHILE

IN MAY RE-EXPORTS CONTINUED TO RECORD A MARKED INCREASE,

SHOWED MODEST GROWTH WITH EXPORTS

RETAINED IMPORT'S ROSE

DOMESTIC APPRECIABLY.

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

THE

VALUE OF DOMESTIC EXPORTS, AT $19,431 MILLION IN MAY, $605 MILLION OR 3.2% HIGHER THAN A YEAR EARLIER.

WAS

THE VALUE OF RE-EXPORTS GREW MUCH FASTER, BY $10,032 MILLION OR 28.8% TO $44,924 MILLION OVER THE SAME PERIOD.

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VALUE TUTAL EXPORTS GREW BY $10,637 MILLION OR 19.8% OVER A YEAR EARLIER $64,355 MILLION IN MAY.

VALUE THE $67,138 MILLION.

OF

то

OF IMPORTS ROSE BY $10,646 MILLION

OR

18.8% to

OF TOTAL AS THE VALUE OF TOTAL EXPORTS WAS SMALLER THAN THAT IMPORTS, A VISIBLE TRADE DEFICIT OF $2,783 MILLION, EQUIVALENT TO 4.1% OF THE VALUE OF IMPORTS, WAS RECORDED IN MAY 1991.

THIS COMPARES WITH A DEFICIT OF $2,774 MILLION, EQUIVALENT to 4.9% OF THE VALUE OF IMPORTS, RECORDED A YEAR EARLIER.

то

PUTTING THESE FIGURES INTO PERSPECTIVE, THE VALUE OF DOMESTIC

EARLIER, EXPORTS INCREASED BY $4,420 MILLION OR 5.4% OVER A YEAR $86,113 MILLION IN THE FIRST FIVE MONTHS OF 1991 COMBINED.

THE VALUE OF RE-EXPORTS INCREASED BY $41,897 MILLION OR TO $190,798 MILLION OVER THE SAME PERIOD.

28.1%

COMBINED,

IN

THE VALUE OF TOTAL EXPORTS IN THE FIRST FIVE MONTHS AT $276,911 MILLION, WAS THUS $46,317 MILLION OR 20.1% HIGHER THAN THE FIRST FIVE MONTHS OF LAST YEAR.

OVER THE SAME PERIOD, IMPORTS GREW BY $55,818 MILLION OR TO $295,630 MILLION.

23.3%

IN

THE FIRST FIVE MONTHS OF 1991 COMBINED,

$18,719 MILLION, EQUIVALENT DEFICIT OF IMPORTS, WAS RECORDED.

A

TO 6.3%

OF

VISIBLE THE

TRADE

VALUE OF

THE DEFICIT RECORDED IN THE FIRST FIVE MONTHS OF LAST YEAR $9,218 MILLION, EQUIVALENT TO 3.8% OF THE VALUE OF IMPORTS.

WAS

A

GOVERNMENT

SPOKESMAN

ΤΟ SAID IT WAS ENCOURAGING EXPORTS CONTINUING TO GROW STRONGLY. THE YEAR-ON-YEAR GROWTH RATE DOMESTIC EXPORTS WAS, HOWEVER, MORE MODERATE IN MAY THAN IN APRIL.

ЗЕВ

RE-

OF

/RETAINED IMPORTS