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SUNDAY, SEPTEMBER 17, 1978
H.K.'S RE-EXPORTS FOR FIRST SIX MONTHS THIS YEAR
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THE VALUE OF HONG KONG'S RE-EXPORTS FOR THE FIRST SIX MONTHS THIS YEAR INCREASED BY 29 PER CENT TO 35,928 MILLION COMPARED WITH SAME PERIOD LAST YEAR, ACCORDING TO TRADE FIGURES RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY.
THE RE-EXPORTS TO FIVE MAJOR MARKETS ALL RECORDED SIGNIFICANT INCREASES IN VALUE. TOPPING THE LIST OF RE-EXPORTS BY MARKET IS JAPAN WHICH ACCOUNTED FOR $996 MILLION IN RE-EXPORT TRADE - AN INCREASE OF 39 PER CENT OVER THE FIRST SIX MONTHS LAST YEAR.
IT WAS FOLLOWED BY SINGAPORE ($640 MILLION, +29%), INDONESIA ($619 MILLION, +63%), U.S.A. ($549 MILLION, +36%) AND TAIWAN ($545 MILLION, +37%).
RE-EXPORTS TO JAPAN ROSE RAPIDLY ON ACCOUNT OF MORE DELIVERIES OF DIAMONDS ($205 MILLION, +104%), SILK ($75 MILLION, +3288%) AND WOVEN COTTON FABRICS ($60 MILLION, +503 %)
MORE RE-EXPORTS OF WATCHES AND CLOCKS ($161 MILLION, +59%) TO SINGAPORE WERE OBSERVED, AND THE INCREASE IN RE-EXPORTS TO INDONESIA COMPRISED MAINLY ROAD VEHICLES ($89 MILLION, +244%) AND MANUFACTURES OF METAL ($44 MILLION, +51%). NEARLY HALF OF THE INCREASE IN RE-EXPORTS TO U.S.A. WAS ATTRIBUTED TO HIGHER DELIVERIES OF DIAMONDS ($151 MILLION, +58%) AND WATCHES AND CLOCKS ($72 MILLION, +56%).
RE-EXPORTS OF CONSUMER GOODS INCREASED BY 35 PER CENT ATTRIBUTED MAINLY TO MORE DELIVERIES OF DIAMONDS, WATCHES AND PRECIOUS AND SEMI-PRECIOUS STONES. INCREASE IN RÉ-EXPORTS WAS ALSO RECORDED IN RAW MATERIALS COMPRISING MAINLY CRUDE ANIMAL AND VEGETABLE MATERIALS, DYEING, TANNING AND COLOURING MATERIALS, TRANSISTORS AND WOVEN COTTON FABRICS.
RE-EXPORTS OF FOODSTUFFS WERE DOWN BY 18 PER CENT IN VALUE BECAUSE OF REDUCED SHIPMENTS OF TEA AND COFFEE.
RE-EXPORTS OF FUELS AND CAPITAL GOODS MAINTAINED BUOYANT TRENDS. THE BULK OF INCREASE IN RE-EXPORTS OF CAPITAL GOODS OCCURRED IN TRANSPORT EQUIPMENT WHICH ACCOUNTED FOR NEARLY ONE-THIRD OF THE INCREASE.
RE-EXPORTS OF CHINA ORIGIN MAINLY COMPRISED MADE-UP ARTICLES OF TEXTILE MATERIALS ($210 MILLION, +34%), CRUDE VEGETABLE MATERIALS ($154 MILLION, +29%) AND WOVEN COTTON FABRICS ($97 MILLION, +84%).
SOME 28 PER CENT OF RE-EXPORTS ORIGINATED FROM JAPAN COMPOSED OF WATCHES AND CLOCKS WHICH WERE VALUED AT $285 MILLION, AN INCREASE BY 33 PER CENT.
A SIZEABLE PORTION OF RE-EXPORTS ORIGINATED FROM U.S.A. CONSTITUTED OF DIAMONDS ($144 MILLION, +42%).
AN UPSURGE.............