CBS: Export totaled US$4.2 in February 2011

Port2port News Service
Mar 14, 2011 
 
The trend data calculated by the Central Bureau of Statistics point to a rise of export of goods of 29.6% and import of goods point to a rise of 28.9%, at an annual rate.

 The Central Bureau of Statistics (CBS) reported last Thursday thatimport of goods in February 2011totaled US$5.2 billion and export of goods totaled US$4.2 billion and the trade deficit totaled US$1.0 billion.

 The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, point to a rise of export of goods (excluding diamonds) of 29.6% and import of goods point to a rise of 28.9%, at an annual rate, during December 2010-February 2011.

 Development of trade in goods in February 2011, compared with January 2011, was influenced by changes in the value of the U.S.A. Dollar against other currencies in which import and export transactions are conducted. Import of goods, in current prices in U.S. dollars, totaled US$5.2B.

 A breakdown of the data of import by use indicates that in February 2011, 39% of total imports were import of raw materials (excluding diamonds and fuels); 16% was machinery, equipment and land vehicles for investment; 16% was consumer goods; and the rest diamonds, fuels, ships and aircraft.

 Import of raw materials (excluding diamonds and fuels) in February 2011 totaled US$2.1B. Trend data reveals that in December 2010- February 2011, import of raw materials point to a rise of 35.9% at an annual rate. A breakdown by groups of import of raw materials in the last three months, points to a rise of 94.7% in the import of inputs for agriculture.

 Import of consumer goods in February 2011 totaled US$0.7B. Trend data indicates that in the last three months, import of consumer goods rise by an annual rate of 15.2%. Import of non-durable goods rose, by an annual rate of 19.2% during the last three months. Most of the rise was recorded in import of food and beverages. Import of durable goods, point to a rise of 11.8% by an annual rate.

 Import of diamonds (rough and polished) in January-February 2011 totaled US$1.3B. During the same months in 2010 the import of diamonds totaled US$1.1B. Import of fuels (crude oil, distillates and coal) in January-February 2011 totaled $1.8B a rise of 7.8% comparing to the same months of the previous year.

 In February 2011, manufacturing exports (excluding diamonds) constituted 77% of all export of goods. Export of diamonds constituted 19%, and the remaining 4% was agricultural exports.

 Distribution of manufacturing exports by technological intensity (excluding diamonds), indicates that high technology industries (49% of total manufacture exports) totaled US$1.6B in February 2011. Trend data of exports by high technology industries points to a rise of 30.5%, at an annual rate. Breakdown by economic activity points to a rise of 56.9% in exports of electronic components and computers.

 Exports of medium-high technology industries (30% of total manufacture exports) totaled US$1.0B in February 2011. Trend data of exports by medium-high technology industries point to a rise of 56.5%, at an annual rate, in December 2010-February 2011. Breakdown by economic activity points to a rise of 78.1% in exports of chemicals (excluding pharmaceutical products).

 Exports by medium-low technology industries (15% of all manufacture exports) totaled US$0.5B in February 2011. Trend data of exports by medium-low technology industries point to a drop of 0.4%, at an annual rate, in the last three months. Breakdown by economic activity points to a drop of 17.8% in exports of mining and quarrying.

 Exports by low technology industries (6% of all manufacture exports) totaled US$0.2B in February 2011. Trend data of exports by low technology industries point to a rise of 7.2% at an annual rate, in December 2010-February 2011. Breakdown by economic activity points to a rise of 18.2% in exports of wood, furniture, paper and printing products.

 Export of diamonds (polished and rough) in January-February 2011 totaled US$1.8B (US$1.6B in January-February 2010).

 Agricultural exports in January-February 2011 totaled US$312M (temporary data). Exports of avocado and other fruits rose by 52.0% at the same period.
 
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