45
58.
(c) External Trade
Hong Kong's role as an access point for
China in respect of external trade can best be
illustrated by the very rapid growth of the entrepot
trade between Hong Kong and China in the past few
years (Table 13).
Table 13: Entrepot trade between Hong Kong and China
Hong Kong's re-exports
to China
Imports from China to Hong Kong
subsequently re-exported
HK$Mn
US$Mn
HK$Mn
US$Mn
1966
54
1967
42
1968
36
1969
30
1970
34
9765 6
9
621
109
7
613
107
6
550
91
5
723
119
6
688
114
1971
43
7
759
126
1972
82
15
983
175
1973
222
43
1589
309
1974
197
39
1582
312
1975
137
28
1743
353
1976
123
25
2402
490
1977
175
38
2492
535
1978
214
46
3659
781
1979
1315
263
5663
1132
1980
4642
933
8394
1687
1981
8044
1438
12834
2295
1982
7992
1316
14694
2420
G.F. 326
Since 1980 China has been Hong Kong's largest re-export market; taking 1982 as an example, Hong
Kong's re-exports to China amounted to HK$7,992
million (US$1,316 million) or 18% of the total value
of re-exports through Hong Kong. Between 1978 and
CONFIDENTIAL # 3