XN000022-1991-10-25 — Page 12

1]

FRIDAY, OCTOBER 25, 1991

ΤΟ

RE-EXPORTS AND DOMESTIC EXPORTS TOGETHER, THE VALUE OF TOTAL EXPORTS GREW BY $16,032 MILLION OR 29.3% OVER A YEAR EARLIER $70,657 MILLION IN SEPTEMBER. OVER THE SAME PERIOD, THE VALUE OF IMPORTS ROSE BY $13, 101 MILLION OR 24.3% TO $66,953 MILLION.

AS THE VALUE OF TOTAL EXPORTS WAS LARGER THAN THAT OF TOTAL IMPORTS, A VISIBLE TRADE SURPLUS OF $3,704 MILLION, EQUIVALENT TO 5.5% OF THE VALUE OF IMPORTS, WAS RECORDED IN SEPTEMBER 1991. THE SURPLUS RECORDED IN SEPTEMBER 1990 WAS $773 MILLION, EQUIVALENT TO 1.4% OF THE VALUE OF IMPORTS.

PUTTING THESE FIGURES IN PERSPECTIVE, THE VALUE OF RE-EXPORTS IN THE FIRST NINE MONTHS OF 1991, AT $378,956 MILLION, ROSE BY $86,262 MILLION OR 29.5% OVER THE FIRST NINE MONTHS OF 1990.

OVER THE SAME PERIOD, THE VALUE OF DOMESTIC EXPORTS $5,393 MILLION OR 3.3% TO $166,993 MILLION.

GREW BY

OF THIS

THE VALUE OF TOTAL EXPORTS IN THE FIRST NINE MONTHS YEAR,

AT $545,949 MILLION, WAS THUS $91,655 MILLION OR 20.2% HIGHER THAN IN THE FIRST NINE MONTHS OF LAST YEAR.

MEANWHILE, IMPORTS GREW BY $106,142 MILLION OR 23.3% TO $562,011 MILLION.

2.9%

OF

ΤΟ

A VISIBLE TRADE DEFICIT OF $16,062 MILLION, EQUIVALENT TO OF THE

MONTHS VALUE OF IMPORTS, WAS RECORDED IN THE FIRST NINE 1991.

EQUIVALENT THIS COMPARES WITH A DEFICIT OF $1,575 MILLION, 0.3% OF

MONTHS THE VALUE OF IMPORTS, RECORDED IN THE FIRST NINE 1990.

A

OF

GOVERNMENT SPOKESMAN COMMENTED THAT THE GROWTH IN DOMESTIC EXPORTS IN SEPTEMBER WAS A REVERSAL OF THE DECLINE RECORDED IN AUGUST.

RE-EXPORTS REMAINED ROBUST, LARGELY SUPPORTED BY THE SUSTAINED MARKED INCREASE IN RE-EXPORTS INVOLVING CHINA IN BOTH DIRECTIONS.

AS RE-EXPORTS CONTINUED TO GROW FASTER THAN DOMESTIC EXPORTS, THEIR SHARE IN THE VALUE OF TOTAL EXPORTS INCREASED FROM 64% IN THE FIRST NINE MONTHS OF 1990 TO 69% IN THE FIRST NINE MONTHS

1991. OF

MEANWHILE, IMPORTS RETAINED FOR VARIOUS DOMESTIC USES DECLINED BY 0.6% IN VALUE TERMS IN SEPTEMBER 1991 OVER A YEAR

MARGINALLY EARLIER.

HOWEVER, FOR THE FIRST NINE MONTHS OF 1991 TAKEN TOGETHER, WAS STILL A SIGNIFICANT INCREASE OF 15.2% IN RETAINED IMPORTS OVER A YEAR EARLIER.

THERE

THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES

FOR

SEPTEMBER 1991.

/MERCHANDISE: