?
first half of 1986 probably accounted for this improvement.
Decreases in real terms were recorded for
were recorded for some main categories
of domestic exports to this market, including electronic
components, footwear and domestic electrical appliances. But this was more than offset by increases in domestic exports of
clothing (which accounted for 50% of total domestic exports to
this market), of textile fabrics and of watches and clocks, at
about 31%, 45% and 32% respectively in real terms. The rate
of utilization of quota for textiles and clothing as a whole
was 44% at the end of June 1986, significantly higher than the
32% recorded at the end of June 1985.
2.6
Also affected by the relative weakness of the Hong
Kong dollar in 1985 and in the first half of 1986, domestic exports to Japan in the first half of 1986, at $2,376 million,
were 16% higher in value terms or about 12% higher in real terms than in the first half of 1985. While domestic exports
of textile fabrics, and textile yarn and thread recorded
decreases in real terms, domestic exports of clothing (accounting for 28% of the value of total domestic exports to
Japan), electronic components (accounting for 3%) and watches and clocks (accounting for 10%) increased.
Growth rates in real terms of domestic exports to (%)
Year-on-year
_comparison
USA
China
FR Germany
UK
Japan
1985/1984
-7
33
-14
-18
-12
1985/1984 H1
-11
70
-21
-17
-11
H2
- 4
7
-7
-18
-12
Q1
-6
87
- 20
-13
- 3
Q2
-14
56
-21
-21
-18
Q3
-11
21
-18
-22
-15
Q4
5
- 4
4
-14
-9
1986/1985 Q1
Q2 (*)
Hl(*)
185
-22
18
- 3
4
40
16
18
-9
29
7
12
682
Note: (*) Estimated by using trade indices available
up to May 1986.
9
/2.7