Domestic exports
CHAPTER 2 : THE EXTERNAL SECTOR
2.1
Domestic
exports have
staged а strong recovery
since March 1986. At $43,013 million, the value of domestic
exports in the third quarter of 1986 was substantially higher, by 25%, than in the third quarter of 1985. After
allowing for the effect of an estimated increase
increase of 2% in prices (1),
domestic exports grew by about 23% in real
terms. Against the growth rates of 1% recorded in the first
quarter and of 14% in the second quarter, an accelerating
growth trend over the past few months is evident. For the first nine months as a whole, the year-on-year growth rate of
domestic exports was 14% in value terms. As the trade indices available up to August 1986 indicate an increase of about 1% in domestic export prices over the same period last
year, the corresponding growth rate in real terms was about
13%. Latest figures on retained imports of raw materials and
semi-manufactures (paragraph 2.10) and on electricity
consumption by the industrial sector (paragraph 5.15) suggest that a sustained growth in domestic exports is likely, at
least in the next few months.
/Growth
(1)
Prices are based on unit values, which do not take into account changes in the composition or quality of goods traded, except for some selected commodities for which specification price indices are available. Changes in real terms are derived from changes in trade values by discounting the effect of price changes.
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