G.F. 323
18.
CONFIDENTIAL #
機密 9.
In Germany there was a steady growth by quantity through
the recession and in 1976. The quantity of exports to Germany in 1975
was 17% higher than in 1974; the quantity of exports for the first
three quarters of 1976 was a further 20% higher than in the corresponding
period in 1975. The United States as a market was rather seriously
affected by the recession; but the recovery has been rapid. The
quantity of exports to the United States for the first three quarters
of 1976 was 47% higher than in the same period a year ago. The
quantity of exorts to the United Kingdom during the three years
1974 to 1976 remained below the average level in 1973.
19.
There are marked but differing seasonal pattems in Hong
Kong's domestic exorts to these three main markets. The quantity
of exports to Germany reaches a peak in the first quarter, to the
United Kingdom a less obvious peak in the second quarter and to
the United States in the third quarter. As the United States is
the largest market, the seasonal peak for the total quantity of
domestic exports is also in the third quarter.
Domestic exports of main commodity groups
20.
In 1975 only exports of clothing and of watches were
higher in quantity than in 1974; both increases being attributable
to the sudde popularity of two products, denim clothing and electronic
Watches. Because of the demand for these products, export prices
for them actually increased in 1975 (in contrast to export prices
generally). The unit valve index for domestic exports of watches
increased by 20% in 1975 on 1974, keen competition in the cotton
clothing industry made possible only a 6% increase in the unit value
index for domestic exports of cotton clothing during the same period.
The quantity of exorts cf watches increased by 4% and of cotton
clothing by 29%.
CONFIDENTIAL
機密