F
8
Visible trade between Hong Kong and China
17.
China remained Hong Kong's largest trading partner in the fourth quarter of 1985. Total visible
trade between Hong Kong and China, at HK$32,319 million,
increased by 12% over the fourth quarter 1984. For the
year as a whole, total visible trade between Hong Kong and China grew by 26% to HK$120,175 million.
18.-. In terms of Hong Kong's total domestic exports, China's share, as a market was 10% in the fourth quarter of 1985, compared with 13% in the first half of the year and 10% in the third quarter. China remained the largest market for Hong Kong's re-exports although its share declined during the year. In the fourth quarter of 1985,
re-exports to China accounted for 39% of total
re-exports. This compared with 47% in the first half of the year and 42% in the third quarter.
Hong Kong's exports to China
Domestic
Growth rate in money
Growth
rate in money
exports (HK$Mn)
terms#
($)
Re-exports
(HK$Mn)
terms#
(8)
1985 Q1
3,912
97
11,812
149
Q2
4,006
57
12,826
132
Q3
3,604
22
10,940
51
Q4
3,667
-3
10,445
-1
Annual
15,189
35
46,023
64
# over same period of the previous year
CONFIDENTIAL #≈