Trade Values : 1993-1995

Intra-ASEAN trade continues to show significant expansion as a result of the implementation of the CEPT Scheme for AFTA.

Between 1993-94, intra-ASEAN exports of CEPT products, i.e. products covered by the CEPT Scheme, grew by 39.22% from $ 34.06 billion to $ 47.4 billion (see Table 12 and 13). Intra-ASEAN exports of both CEPT and non-CEPT products grew slightly lower at 34.37% from $ 42.77 billion to $ 57.47 billion.

Between 1994-95, intra-ASEAN exports crew at about half the rate as in the previous year. Intra-ASEAN exports of CEPT products grew by 18.68% to $ 56.28 billion while intra-ASEAN exports of both CEPT and non-CEPT products grew by 19.77% to $ 68.83 billion.

The share of CEPT products in intra-ASEAN trade continues to be about 80% (see Table 14). It was 79.64% in 1993. It increased to 82.51 % in 1994 and declined slightly to 81.76% in 1995. In 1995, nearly 59% of intra-ASEAN trade was made up of exports of machinery and electrical appliances (see Table 15). Other major sectors traded within the region are mineral products, base metals, chemicals and plastics. Together these four other sectors account for another 21.18% of intra-ASEAN trade.

During the 1993-95 Period, a big part of the growth in intra-ASEAN trade was accounted for by growth in the machinery and electrical appliances sector. Between 1993-94, more than 82% (i.e. $ 10.75 billion of the $ 13.09 billion) of the increase in intra-ASEAN trade was in this sector (see last column of Table 16). Between 1994-95, about 63.4% ($ 5.43 billion of the $ 8.56 billion) of the increase was again due to this sector (see last column of Table 17). The other notable sectors contributing to further growth in intra-ASEAN trade are chemicals, base metals and plastics.

September 7, 1996