XN000022-1995-09-07 — Page 5

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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 re- exports and domestic exports increased by 3.7% and 2.4% respectively. Import prices increased by 5.9%.

Price changes are reflected by changes in unit value indices, which are compiled based on average unit values or, for certain commodities, based on specific price data.

The terms of trade index, defined as the ratio of total export price index to import price index, decreased by 2.4% in the first six months of 1995 over the same period last year.

Comparing June 1995 with June 1994, the volume of re-exports increased by 13%, while that of domestic exports increased by 2.4%. Taken together, the volume of total exports increased by 11%. Meanwhile, the volume of imports grew by 9.1%.

Over the same period of comparison, the prices of re-exports and domestic exports increased by 4.4% and 2.3% respectively. Import prices increased by 6.9%.

The changes in the value, unit value and volume of re-exports by end-use category are shown in Table 1.

Comparing June 1995 with June 1994, the volume of re-exports of all end-use categories recorded increases of various magnitudes: fuels (+65%), capital goods (+23%), foodstuffs (+18%), raw materials and semi-manufactures (+18%), and consumer goods (+5.8%).

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Over the same period of comparison, increases in the prices of re-exports were noted of all end-use categories: raw materials and semi-manufactures (+10%), consumer goods (+2.8%), fuels (+2.8%), foodstuffs (+1.7%), and capital goods (+0.7%).

The changes in the value, unit value and volume of domestic exports by principal commodity group are shown in Table 2.

Comparing June 1995 with June 1994, commodity groups which recorded increases in volume of domestic exports included radios of all kinds (+59%); and metal ores and scrap (+36%).

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