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The terms of trade index, defined as the ratio of total export price index to import price index, recorded an increase of 0.7% in the first six months of 1996 over the same period last year.
Comparing June 1996 with June 1995, the volume of re-exports decreased by 1.4%, while that of domestic exports decreased by 14%. Taken together, the volume of total exports decreased by 3.7%. Meanwhile, the volume of imports decreased by 2%.
Over the same period of comparison, the prices of re-exports decreased by 0.9%, while domestic exports increased by 0.7%. Import prices decreased by 2.4%.
The changes in the value, unit value and volume of re-exports by end-use category are shown in Table 1.
Comparing June 1996 with June 1995, increases in volume were recorded for most of the end-use categories of re-exports: fuels (+19%); capital goods (+6.1%); and foodstuffs (+4.2%).
On the other hand, the volume of re-exports of raw materials and semi- manufactures; and consumer goods decreased by 7.1% and 1% respectively.
Over the same period of comparison, increases in the prices of re-exports were noted of fuels (+9%) and consumer goods (+0.7%).
On the other hand, the re-export prices of raw materials and semi-manufactures; capital goods; and foodstuffs decreased by 3.7%, 1% and 0.1% respectively.
The changes in the value, unit value and volume of domestic exports by principal commodity group are shown in Table 2.
Comparing June 1996 with June 1995, commodity groups which recorded significant increases in volume of domestic exports included domestic electrical appliances (+37%) and textile yarn and thread (+14%).
On the other hand, the volume of domestic exports of radios of all kinds; and textile made-up and related articles decreased by 48% and 38% respectively.
Commodity groups which recorded increases in domestic export prices included metal ores and scrap (+10%); and radios of all kinds (+5.6%).
On the other hand, the domestic export prices of domestic electrical appliances and footwear decreased by 3.7% and 3% respectively.
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