COMMERCE
Tables showing the principal countries from which the Colony imported merchandise in 1954 (see diagram facing page 91) and the principal commodities involved with comparative figures for 1952 and 1953 are at Appendices VI and VIII.
The value of the Colony's exports, which amounted to $2,733 millions in 1953, fell to $2,417 million in 1954, a reduction of 11 per cent. China, Indonesia, Japan and Thailand all recorded greatly reduced values, and although some other countries, notably the United Kingdom and South Korea, increased their imports from Hong Kong, these were insufficient to counterbalance the general decline in exports.
Tables showing the principal countries to which the Colony exported goods in 1954 (see diagram facing page 91), and the principal commodities involved, with comparative figures for 1952 and 1953, are at Appendices VII and IX.
Significant Developments
U.S.A.
The increase in imports from the U.S.A. was very largely due to heavier purchases of nylon fabrics. The U.S. Foreign Assets Control Regulations continued to cause difficulties for manufacturers wishing to export local products and the value of these exports to the U.S.A. showed a small increase of just over million.
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