XN000022-1992-03-10 — Page 2

TUESDAY, MARCH 10, 1992

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PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE IN DECEMBER AND 1991

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THE VOLUME OF DOMESTIC EXPORTS RECORDED VIRTUALLY NO GROWTH IN 1991 AS COMPARED WITH 1990, WHILE RE-EXPORTS GREW BY 26%, ACCORDING TO THE STATISTICS RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT. TAKING THEM TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 17%. IMPORTS INCREASED BY 19% IN VOLUME.

THE GROWTH IN THE VOLUME OF TRADE IS DERIVED FROM THE GROWTH IN TRADE VALUES WITH THE EFFECT OF PRICE CHANGES HAVING BEEN DISCOUNTED.

AS

REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS, RE-EXPORTS AND IMPORTS ALL ROSE BY 2%.

AS A RESULT, THE TERMS OF TRADE INDEX (EXPRESSED AS A RATIO TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX) INCREASED BY 1%.

WHICH

OF

PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE INDICES, ARE COMPILED BASED ON AVERAGE UNIT. VALUES OR, FOR CERTAIN COMMODITIES, BASED ON SPECIFIC PRICE DATA.

COMPARING THE MONTH OF DECEMBER 1991 WITH DECEMBER 1990, THE VOLUME OF DOMESTIC EXPORTS INCREASED BY 9%, WHILE THAT OF RE-EXPORTS INCREASED BY 40%. TAKING THEM TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 28%.

OF

THE VOLUME OF IMPORTS INCREASED BY 29%. OVER THE SAME PERIOD COMPARISON, THE PRICES OF DOMESTIC EXPORTS AND RE-EXPORTS ROSE BY 1% AND 2% RESPECTIVELY. IMPORT PRICES INCREASED BY 1%.

THE CHANGES IN THE VALUE, UNIT VALUE AND VOLUME OF DOMESTIC EXPORTS BY PRINCIPAL COMMODITY GROUP FOR DECEMBER AND THE WHOLE YEAR OF 1991 AS COMPARED WITH THE CORRESPONDING PERIODS IN 1990 ARE SHOWN IN TABLE 1.

COMMODITY GROUPS WHICH RECORDED INCREASES IN THE VOLUME OF DOMESTIC EXPORTS IN 1991 OVER 1990 INCLUDED ELECTRONIC COMPONENTS (+23%); METAL MANUFACTURES (+8%) TEXTILE YARN AND THREAD (+2%}; TEXTILE FABRICS (+2%); AND CLOTHING (+2%).

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ON THE OTHER HAND, DECREASES IN DOMESTIC EXPORT VOLUME WERE RECORDED IN FOOTWEAR (-36%); TEXTILE MADE-UPS AND RELATED ARTICLES 19%); RADIOS OF ALL KINDS (-18%); WATCHES AND CLOCKS (−12%); METAL ORES AND SCRAP (-11%); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (- 10%); AND DOMESTIC ELECTRICAL APPLIANCES (-7%).

THE PRICES OF DOMESTIC EXPORTS OF MOST COMMODITY GROUPS INCREASED IN 1991 AS COMPARED WITH 1990. THESE INCLUDED FOOTWEAR (+5%); TRAVEL GOODS, HANDBAGS AND SIMILAR ARTICLES (+4%); CLOTHING (+3%); TEXTILE FABRICS (+3%); METAL MANUFACTURES (+3%); TEXTILE MADE- UP AND RELATED ARTICLES (+3%); RADIOS OF ALL KINDS (+3%); DOMESTIC ELECTRICAL APPLIANCES (+2%); AND TEXTILE YARN AND THREAD (+2%).

/HOWEVER, DECREASES