terms was higher than the corresponding growth rate for domestic exports of goods, the percentage share of the value
of re-exports in the value of total exports increased further to 38% in the first quarter of this year, compared with 37% in
the first quarter of 1981.
Growth rates of re-exports (%)
Rate of increase in prices
Year-on-year comparison
In money
terms
In real
terms
1981/1980 Q1
58
45
9
Q2
39
28
9
Q3
35
26
8
Q4
29
19
8
1981/1980
39
22
8
1982/1981 Q1
12
-2 (*)
14(*)
Note:
(*) Estimated by using trade
indexes available up to
February 1982.
2.9
was
The slowing down in the growth rate of re-exports
concentrated in re-exports to China, now the largest
market for goods re-exported from Hong Kong. The value of re-exports to China in the first quarter of this year was only 11% higher than in the first quarter of 1981, compared with a
growth rate of 73% for the year 1981. The slowing down was more marked in respect of consumer items. Re-exports of goods
originating from China, however, continued to grow
rapidly by 22% in the first quarter.
fairly
9
/ The