to this market, at $8,691 million in the third quarter, showed
a year-on-year growth rate of 3%. Trade indexes available up
to August suggest that this growth was made up of an increase
of 6% in prices and a decrease of 3% in real terms.
The quota utilization rate for the product categories subject to
restraint for the third quarter was 25.9%, compared with 27.5%
for the same period of 1981.
2.3
Domestic exports to the Federal Republic of Germany, at $1,968 million in the third quarter, showed an increase of
3% in value terms. After allowing for the effects of price
increases, there was zero growth in real terms. The rate of
utilization of quota for the third quarter was 14.4%, roughly
the same as that for the same quarter of 1981. The value of domestic exports to the United Kingdom, at $1,960 million in
the third quarter, was 7% lower than in the same quarter a
year ago. As there was an increase of 3% in prices in this
period, the decline in real terms was 9%. The quota
utilization rate for the third quarter was 19.9%, lower than
the 21.6% recorded for the corresponding quarter of а year
ago. As regards Japan, while the value of domestic exports to this market, at $979 million in the third quarter, showed a
year-on-year growth rate of 13%, there was a decrease of 2% in
real terms after allowing for the effects of an increase of
15% in prices. Domestic exports to China continued to grow at
a
rapid rate (1) ̧ At $939
$939 million,
million, they were 24% higher in
value terms than in the third quarter of 1981.
/ 2.4 The
(1) Plans are in hand to construct unit value and quantum indexes of domestic exports to China. Before these indexes are available, it is not possible to estimate the growth rate of domestic exports to China in real terms.
5
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