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THE VALUE OF RE-EXPORT TRADE ROSE BY 27% IN 1983. CHINA WAS ONCE AGAIN THE LARGEST SUPPLIER OF GOODS FOR SUBSEQUENT RE-EXPORT. RE-EXPORTS OF CHINA ORIGIN INCREASED BY $4 987 MILLION OR 34%, WITH THE LARGEST INCREASE REGISTERED IN CLOTHING (BY $1 381 MILLION OR 51%). RE-EXPORTS OF JAPAN ORIGIN ALSO GREW (BY $2 545 MILLION OR 41%), PARTICULARLY FOR WATCHES AND CLOCKS (BY $538 MILLION OR 27%). THE U.S. WAS THE LARGEST MARKET FOR RE-EXPORTS OF CHINA ORIGIN, ACCOUNTING FOR 28% OF ALL RE-EXPORTS OF CHINA ORIGIN THROUGH HONG KONG. THE COMMODITY WITH SUBSTANTIAL GROWTH WAS CLOTHING (BY $813 MILLION OR 58%). NEARLY ONE THIRD OF THE RE-EXPORTS OF JAPAN ORIGIN WENT TO CHINA WITH THE HIGHEST GROWTH IN ROAD VEHICLES (BY $243 MILLION OR 25%). RE-EXPORTS TO INDONESIA FELL BY $731 MILLION OR 16% BUT RE-EXPORTS TO CHINA ROSE BY $4 190 MILLION OR 52%.
THE VALUE OF AIRBORNE TRADE IN 1983, REPRESENTING 24% OF TOTAL MERCHANDISE TRADE, INCREASED BY $19 851 MILLION OR 31% OVER 1982. IN TERMS OF TONNAGE, AIRBORNE TRADE CONSTITUTED LESS THAN 19% OF TOTAL TRADE. AIRBORNE IMPORTS FROM JAPAN ROSE BY $2 812 MILLION OR 45% AND AIRBORNE EXPORTS TO THE U.S. ROSE BY $5 283 MILLION OR 53%. ANALYSED BY COMMODITY, IMPORTS OF THERMIONIC, COLD CATHODE AND PHOTO-CATHODE VALVES TUBES, PHOTOCELLS, TRANSISTERS AND PARTS SHIPPED BY AIR EXPERIENCED THE HIGHEST GROWTH (BY $3 300 MILLION OR 71%), WHILST IN THE CASE OF EXPORTS BY AIR, CLOTHING RECORDED THE HIGHEST GROWTH (BY $3 534 MILLION OR 50%).
THESE
THE REVIEW ALSO PUBLISHES UNIT VALUE AND QUANTUM INDEXES WHICH ARE OFTEN USED TO ASSESS THE MOVEMENTS IN COMMODITY PRICES AND CHANGES IN TRADE VOLUME. COMMENCING FROM MARCH 1983, PRICES OF SELECTED IMPORTS (C.I.F.) AND EXPORTS (F.0.B.) COLLECTED FROM PRICE SURVEYS WERE USED TO COMPILE PRICE INDEXES. PRICE INDEXES, WHICH ARE BASED ON COMMODITY SPECIFICATIONS, HAVE REPLACED THOSE UNIT VALUE INDEXES WHICH ARE MOST LIABLE TO PROBLEMS DUE TO CHANGES IN QUALITY, PRODUCT MIX, MARKETS AND SOURCES, ETC. IN ADDITION, A NEW SERIES OF TRADE INDEXES BY PRINCIPAL COMMODITY GROUPS FOR DOMESTIC EXPORTS TO CHINA AND JAPAN WERE INTRODUCED IN APPENDIX 3. DURING 1983, THE TRADE VOLUMES FOR IMPORTS, DOMESTIC EXPORTS AND RE-EXPORTS INCREASED BY 10%, 14% AND 15%, RESPECTIVELY, OVER 1982. SUBSTANTIAL GROWTH WAS RECORDED IN THE EXPORT VOLUME OF METAL ORES AND SCRAP (BY 142%), AND IN THE IMPORT AND RE-EXPORT VOLUMES OF RAW MATERIALS AND SEMI-MANUFACTURES (BY 20% AND 17% RESPECTIVELY).
HONG KONG WAS THE LARGEST EXPORTER OF CLOTHING, TOYS, DOLLS, GAMES, AND ARTIFICIAL FLOWERS IN THE WORLD IN 1982. HONG KONG WAS ALSO THE SECOND LARGEST EXPORTER OF COMPLETE WATCHES AFTER SWITZERLAND, RADIO-BROADCAST RECEIVERS AFTER JAPAN, AND FANS, DOMESIC TYPE AFTER TAIWAN.
THIS REVIEW IS ON SALE AT THE GOVERNMENT PUBLICATIONS CENTRE AT $12 A COPY.
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