Imports
2.9
The value of imports in the first half of 1986, at
$123,334 million, was 9% higher than in the first half of
1985. As trade indices available up to May indicate an
increase of about 4% in import prices, the growth rate in real
terms over this period was about 5%. Imports grew by 1% in real terms in the first quarter, and an estimated 10% in the
(6) second quarter. Retained imports
on the other hand,
grew by an estimated 10%
estimated 10% in real terms
in real terms in the first half of this year, made up of year-on-year growth rates of 6% in the first quarter and of about 14% in the second quarter.
Growth rates of imports (%)
Imports
Retained imports
Year-on-year comparison
In money
terms
In real terms
Rate of increase in
prices
In real terms
1985/1984
4
6
-3
- 4
1985/1984 H1
7
H2
1
Q1
11
11
Q2
4
03
-2
Q4
4
942825
-2
- 5
-3
-3
0
-3
- 4
-7
- 4
-10
-2
4
1986/1985 Q1
3
1
Q2
15
Hl
9
10* 5*
254
6
5*
4*
14*
10*
Note : (*)
Estimated by using trade indices available up to May 1986.
(6)
Imports
Retained imports are derived by subtracting the re-export statistics from the corresponding import statistics. Since no account is taken of the trading margin and other changes involved in the re-exports, the resulting values of retained imports are understated to that extent. There also exists a time lag between
between importation subsequent re-exportation.
and
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