GF 323
for
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19
the respective
products in
overseas
markets,
contributed to this predominance and rapid growth.
24.
value (21) Compared
Amongst the major sources of Hong Kong's retained
imports, China ranked the fifth in the first half of 1993,
accounting for 7.3% of the total
with the same period last year,
imports from China fell by 24%.
•
the value of retained
This contrasted sharply
with the increase of 6% in the value of Hong Kong's total
retained imports. Because of reduced popularity amongst
local consumers, Chinese goods in Hong Kong had been facing
declines in demand in recent years.
25.
Bringing the relevant imports and exports figures
together, in the first half of 1993 Hong Kong incurred a
visible trade deficit of HK$20.5 billion with China,
according to Hong Kong's trade statistics. This was
further reduced from the deficit of HK$37.7 billion in the
same period in 1992.
1992 Annual 1992 H1 1993 H1
(HK$Bn)
(HK$Bn)
(HK$BN)
Domestic exports to China
62.0
28.5
30.7
Re-exports to China
212.1
95.2
129.4
Total exports to China
274. 1
123.7
160.0
Imports from China
354.3
161.4
180.6
Total visible trade with China
628.4
285.1
340.6
Visible trade balance with China
-80.3
-37.7
-20.5
(21)
Japan was the largest source of Hong Kong's retained imports (accounting for 27.7% of the total in the first half of 1993), followed by the United States (11.4%), Taiwan (10.1%), and South Korea (8.1%).
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