XN000022-1993-05-11 — Page 7

TUESDAY, MAY 11, 1993

IN

"ACTEQ WILL ALSO CONSIDER THE NEED FOR ANY POLICY CHANGES, THE LIGHT OF LOCAL NEEDS AND OF DEVELOPMENTS IN TEACHER EDUCATION AROUND THE WORLD, SAID MR CHAN.

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THE MEMBERS HAVE BEEN APPOINTED FOR TWO YEARS WITH EFFECT MAY 1, 1993,

FROM

VOLUME AND PRICE MOVEMENTS OF EXTERNAL TRADE IN FEBRUARY

THIS

THE VOLUME OF DOMESTIC EXPORTS IN THE FIRST TWO MONTHS OF DECREASED BY 1.1% OVER THE SAME PERIOD LAST YEAR, WHILE THAT OF RE-EXPORTS RECORDED A SIGNIFICANT INCREASE OF 27%.

YEAR

THIS IS INDICATED IN THE STATISTICS RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

TAKING DOMESTIC EXPORTS AND RE-EXPORTS TOGETHER, THE VOLUME OF TOTAL EXPORTS INCREASED BY 21%. IMPORTS INCREASED BY 20% IN VOLUME.

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

AS REGARDS PRICE CHANGES OVER THE SAME PERIOD OF COMPARISON, THE PRICES OF DOMESTIC EXPORTS WERE ABOUT THE SAME WHILE THOSE OF RE- EXPORTS DECREASED BY 1.4%. IMPORT PRICES DECREASED BY 1.6%.

PRICE CHANGES ARE REFLECTED BY CHANGES IN UNIT VALUE

WHICH ARE COMPILED BASED ON AVERAGE UNIT VALUES OR, FOR

COMMODITIES, BASED ON SPECIFIC PRICE DATA.

INDICES, CERTAIN

THE TERMS OF TRADE INDEX, DEFINED AS THE RATIO OF TOTAL EXPORT PRICE INDEX TO IMPORT PRICE INDEX, INCREASED SLIGHTLY BY 0.7% IN THE FIRST TWO MONTHS OF 1993 AS COMPARED WITH THE SAME PERIOD LAST YEAR.

TAKING FEBRUARY 1993 ALONE AND COMPARING WITH FEBRUARY 1992, VOLUME THE

OF OF DOMESTIC EXPORTS DECREASED BY 4.6% WHILE THAT

RE- EXPORTS INCREASED BY 26%. THE VOLUME OF TOTAL EXPORTS INCREASED BY 19%. THE VOLUME OF IMPORTS GREW BY 23%.

THE PRICES OF DOMESTIC

OVER THE SAME PERIOD OF COMPARISON, EXPORTS INCREASED BY 0.7% WHILE THOSE OF RE-EXPORTS DECREASED BY 1.3%. IMPORT PRICES DECREASED BY 1.4%.

+

COMPARING FEBRUARY 1993 WITH FEBRUARY 1992 COMMODITY GROUPS WHICH RECORDED SUBSTANTIAL INCREASES IN THE VOLUME OF DOMESTIC EXPORTS INCLUDED ELECTRONIC COMPONENTS (+39%); TEXTILE YARN AND THREAD (+13%); AND METAL MANUFACTURES (+11%).

ON THE

THE OTHER HAND, CONSIDERABLE DECREASES IN DOMESTIC EXPORTS WERE RECORDED FOR FOOTWEAR (-44%); CLOTHING (-34%); TEXTILE MADE-UPS AND RELATED ARTICLES (-33%); AND TRAVEL HANDBAGS AND SIMILAR ARTICLES (-30%).

VOLUME

OF

GOODS,

/AS REGARDS