June 2011- import up, export down

According to the Central Bureau of Statistics import of goods totaled US$6.1 billion, export of goods totaled US$4.9 billion and the trade deficit totaled US$1.2 billion
 
Data released last week by the Central Bureau of Statistics (CBS) noted that in June 2011, import of goods totaled US$6.1 billion, export of goods totaled US$4.9 billion and the trade deficit totaled US$1.2 billion.
 
The trend data calculated by the Central Bureau of Statistics, seasonally adjusted and adjusted for irregular elements, point to a decrease in export of goods (excluding diamonds) of 2.1% and import of goods point to a rise of 21.6%, at an annual rate, during April-June 2011.
 
A breakdown of the data of import by use indicates that in June 2011, 37% of total imports were import of raw materials (excluding diamonds and fuels); 15% was machinery, equipment and land vehicles for investment; 13% was consumer goods; and the rest diamonds, fuels, ships and aircraft.
 
Import of raw materials (excluding diamonds and fuels) in June 2011 totaled US$2.3B. Trend data reveals that in April-June 2011, import of raw materials point to a rise of 15.7% at an annual rate. A breakdown by groups of import of raw materials in the last three months, points to a rise of 71.3% in the import of wood and it products.
 
Import of investment goods (excluding ships and aircraft) in June 2011 totaled US$0.9B. A breakdown by groups points that import of machinery and equipment point to a rise of 78.9% in the last three months.Import of consumer goods in June 2011 totaled US$0.8B.
 
Trend data indicates that in the last three months, import of consumer goods rise by an annual rate of 18.0%. Import of non-durable goods rose, by an annual rate of 33.1% during the last three months. Most of the rise was recorded in import of clothing and footwear. Import of durable goods, remain stable by an annual rate.
 
Import of diamonds (rough and polished) in January-June 2011 totaled $5.3B. During the same months in 2010 the import of diamonds totaled US$3.7B. Import of fuels (crude oil, distillates and coal) in January-June 2011 totaled US$6.7B a rise of 28.5% comparing to the same months of the previous year.
 
In June 2011, manufacturing exports (excluding diamonds) constituted 79% of all export of goods. Export of diamonds constituted 19%, and the remaining 2% was agricultural exports.
 
Distribution of manufacturing exports by technological intensity (excluding diamonds), indicates that exports of high technology industries (47% of total manufacture exports) totaled US$2.0B in June 2011. Trend data of exports by high technology industries points to a rise of 6.9%, at an annual rate. Breakdown by economic activity points to a rise of 48.0% in exports of  pharmaceutical products.
 
Exports of medium-high technology industries (30% of total manufacture exports) totaled US$1.2B in June 2011. Trend data of exports by medium-high technology industries point to a drop of 0.7%, at an annual rate, in April-June 2011.  Breakdown by economic activity points to a rise of 7.1% in exports of chemical products and a drop in export of machinery and equipment (-3.6%).
 
Exports by medium-low technology industries (17% of all manufacture exports) totaled US$0.6B in June 2011. Trend data of exports by medium-low technology industries point to a rise of 2.4%, at an annual rate, in the last three months. Breakdown by economic activity points to a rise of 10.7% in exports of mining and quarrying products.
 
Exports by low technology industries (5% of all manufacture exports) totaled $0.2B in June 2011. Trend data of exports by low technology industries point to a rise of 11.8% at an annual rate, in April-June 2011. Breakdown by economic activity points to a rise of 13.5% in exports of food products, beverages and tobacco products.
 
Export of diamonds (polished and rough) in January-June 2011totaled US$6.3B (US$4.6B in January-June 2010).Agricultural exports in January-June 2011 totaled US$860M (temporary data). Exports of flowers point to a rise of 16.2%, at the same period.