Domestic exports
CHAPTER 2: THE EXTERNAL SECTOR
2.1
As the
no
economic performance of Hong Kong's major
export markets generally remained weak, there was improvement in Hong Kong's export performance in real terms in the third quarter. At $22,597 million, the value of domestic
exports in the third quarter showed an increase of only 1%
compared with the same period a year earlier. This was lower
than the year-on-year growth rate of 6% recorded in the first
half of this year. Trade indexes available up to August
suggest that the increase of 1% was made up of an increase of
6% in prices and a
decline of 5% in domestic exports in real
terms. Taking the first nine months as a whole,
exports declined by 3% in real terms.
Growth rates of domestic exports (%)
domestic
Year-on-year comparison
In money
terms
In real
terms
Rate of increase in prices
1981/1980
18
8
9
1981/1980 H1
14
6
8
H2
21
11
10
Q1
17
8
8
Q2
12
3
9
Q3
20
8
11
Q4
22
12
9
1982/1981 H1
6
-2
9
Q1
9
-1
10
Q2
4
-4
8
Q3
1
-5*
6*
Notes: (*) Estimated by using trade indexes
available up to August 1982.
Domestic exports to main markets
2.2
The growth rate of domestic exports to the United
States remained low in the third quarter, as the economic recession in the US persisted.
The value of domestic exports
/ to
4