Domestic exports to main markets
2.2
The growth rate of domestic exports to the
United States remained strong. At $12,840 million, the
value of domestic exports to the United States in the
third quarter was
48% higher than in the same period last
year. Even after taking into account the effect of an
estimated increase of 13% in prices, which largely
reflects the depreciation of the Hong Kong dollar against
the US dollar, the growth rate was about 30% in real
terms.
The latter growth rate represents a further improvement over the year-on-year growth rates of 20% in
the second quarter and 10% in the first quarter. The rate
of utilization of quota for textiles and clothing for the
first nine months was estimated at 81.7%, which is
significantly higher than the 72.1% recorded for the same period last year.
The quota
2.3
Domestic exports to the United Kingdom, at
$2,462 million in the third quarter, grew by 26% in value
terms over the same period of 1982. After allowing for
the effect of an estimated increase of 8% in prices, the
growth rate was about 17% in real terms.
utilization rate
rate for textiles and clothing for the first
nine months was 64.3%, compared with 56.3% for the same
period of 1982. The value of domestic exports to the
Federal Republic of Germany, at $2,265 million in the
third quarter, was 15% higher than in the same period last year. Since prices are estimated to have risen by 2%,
there was an increase of about 13% in real terms. The
rate of utilization of quota for textiles and clothing for
the first nine months was 52.3%, higher than the 49.5%
recorded for the corresponding period a year earlier.
Domestic exports to China continued to
to grow rapidly. At
$1,659 million, the value of domestic exports to this
market in the third quarter increased by 77% compared with
the same period last year. After allowing for the effects
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