THURSDAY, APRIL 28, 1983
5
LAST MONTH
MARCH 1983
FEB 1983
INCREASE OR
DECREASE
$ MN.
$ MN.
$ MN.
%
DOMESTIC EXPORTS
(% OF TOTAL EXPORTS)
6 620 (62.3%)
5 569 (61.9%)
+1 051
+18.9
RE-EXPORTS
4 000
3 435
565
+16.4
TOTAL EXPORTS
10 620
9 004
+1 616
+17.9
IMPORTS
12 440
10 166
+2 274
+22.4
TRADE BALANCE
- 1 820
- 1 162
658
APRIL 1982 TO
LAST 12 MONTHS
MARCH 1983
APRIL 1981 TO MARCH 1982
INCREASE OR
DECREASE
$ MN.
$ MN.
$ MN.
*
96
DOMESTIC EXPORTS
84 157
81 863
+2 294
+ 2.8
RE-EXPORTS
44 879
42 841
+2 038
+ 4.8
TOTAL EXPORTS
129 036
124 704
+4 332
+ 3.5
IMPORTS
143 624
140 706
+2 918
+ 2.1
TRADE BALANCE
-14 588
-16 002
+1 414
PRODUCT INNOVATION IS IMPORTANT TO OUR COMPETITIVENESS
*****
THE SECRETARY FOR TRADE AND INDUSTRY, MR E.P. HO SAID TODAY (THURSDAY) THAT A WORKING PARTY OF THE INDUSTRIAL DEVELOPMENT BOARD WAS EXPLORING WAYS TO ESTABLISH A PRODUCT INNOVATION AND DESIGN SERVICE TO HELP LOCAL INDUSTRIAL ISTS MAINTAIN THEIR COMPETITIVENESS IN A RECOVERING WORLD ECONOMY.
OFFICIATING AT THE PRESENTATION CEREMONY OF THE 1983 HONG KONG NEW PRODUCTS COMPETITION ORGANISED BY THE CHINESE MANUFACTURERS' ASSOCIATION, MR HO CALLED ON LOCAL INDUSTRIALISTS TO KEEP UP THEIR EFFORTS IN PRODUCT DEVELOPMENT IN ORDER TO TAKE ADVANTAGE OF ANY UPTURN.
+BESIDES DEVELOPING NEW PRODUCTS TO MEET NEW MARKET NEEDS OR IMPROVING EXISTING PRODUCTS TO GAIN A BETTER MARKET POSITION, A HIGH STANDARD OF QUALITY ASSURANCE IS ESSENTIAL FOR MANUFACTURERS TO ATTRACT REPEATED ORDERS FOR THEIR PRODUCTS.
/+A CONFERENCE