XN000022-1991-09-26 — Page 3

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THURSDAY, SEPTEMBER 26. 1991

PROVISIONAL TRADE FIGURES FOR AUGUST RELEASED

* * * * * *

RE-EXPORTS CONTINUED TO INCREASE SUBSTANTIALLY, WHILE DOMESTIC EXPORTS SHOWED A MODERATE DECLINE IN AUGUST, ACCORDING TO THE PROVISIONAL TRADE FIGURES RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

MEANWHILE, IMPORTS RECORDED A MARKED GROWTH, PARTLY DUE TO A RISE IN RE-EXPORTS AND PARTLY DUE TO AN INCREASE IN RETAINED IMPORTS.

THE VALUE OF RE-EXPORTS IN AUGUST ROSE BY $8,901 MILLION OR 23.2% OVER A YEAR EARLIER TO $47,205 MILLION.

HOWEVER, THE VALUE OF DOMESTIC EXPORTS IN AUGUST, AT $20,364 MILLION, WAS $764 MILLION OR 3.6% LOWER.

TAKING RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE OF TOTAL EXPORTS GREW BY $8,137 MILLION OR 13.7% OVER A YEAR EARLIER TO $67,569 MILLION IN AUGUST.

OVER THE SAME PERIOD, THE VALUE OF IMPORTS ROSE BY $11,051 MILLION OR 19.8% TO $66,755 MILLION.

AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT OF TOTAL IMPORTS, A VISIBLE TRADE SURPLUS OF $814 MILLION, EQUIVALENT TO 1.2% OF THE VALUE OF IMPORTS, WAS RECORDED IN AUGUST 1991.

THE SURPLUS RECORDED IN AUGUST 1990 WAS $3,728 MILLION, EQUIVALENT TO 6.7% OF THE VALUE OF IMPORTS.

BY

PUTTING THESE FIGURES IN PERSPECTIVE, THE VALUE OF RE-EXPORTS IN THE FIRST EIGHT MONTHS OF 1991, ‘AT $328,825 MILLION, ROSE $71,231 MILLION OR 27.7% OVER THE FIRST RIGHT MONTHS OF 1990.

OVER THE SAME PERIOD, THE VALUE OF DOMESTIC EXPORTS GREW BY $4,392 MILLION OR 3.1% TO $146,467 MILLION.

THE VALUE OF TOTAL EXPORTS IN THE FIRST EIGHT MONTHS OF THIS YEAR, AT $475,292 MILLION, WAS THUS $75,623 MILLION OR 18.9% HIGHER THAN IN THE FIRST EIGHT MONTHS OF LAST YEAR.

MEANWHILE, IMPORTS GREW BY $93,041 MILLION OR 23.1% TO $496,058

MILLION.

OF 1991.

A VISIBLE TRADE DEFICIT OF $19,766 MILLION, EQUIVALENT TO 4.0% THE VALUE OF IMPORTS, WAS RECORDED IN THE FIRST RIGHT MONTHS OF

THIS COMPARES WITH A DEFICIT OF $2,348 MILLION, EQUIVALENT ΤΟ 0.6% OF THE VALUE OF IMPORTS, RECORDED IN THE FIRST EIGHT MONTHS OF 1990.

/A GOVERNMENT