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THE U.S. #AS THE LARGEST MARKET, ACCOUNTING FOR 33 PER CENT OF ALL RE-EXPORTS OF CHINA ORIGIN THROUGH HONG KONG THE MAJOR GROWTH TO THIS MARKET WAS IN MISCELLANEOUS MANUFACTURED ARTICLES (BY $993 MILLION OR 45 PER CENT).
VALUE OF AIRBORNE TRADE IN 1985, REPRESENTING 21 PER CENT OF TOTAL MERCHANDISE TRADE, DECREASED BY $6 954 MILLION OR 7 PER CENT AS COMPARED WITH 1984. IN TERMS OF TONNAGE, AIRBORNE TRADE CONSTITUTED LESS THAN 1 PER CENT OF TOTAL TRADE.
DECREASES IN AIRBORNE TRADE WERE REGISTERED IN IMPORTS FROM THE U.S. (BY $1 207 MILLION OR 11 PER CENT), EXPORTS TO THE U.S. (BY $1 241 MILLION OR 6 PER CENT) AND RE-EXPORTS TO TAIWAN (BY $657 MILLION OR 24 PER CENT).
BY COMMODITY CATEGORIES IMPORTS OF ELECTRICAL MACHINERY
AND ELECTRICAL PARTS THEREOF APPARATUS AND APPLIANCES, N.É.S. RECORDED THE LARGEST DECREASE (BY $3 602 MILLION OR 26 PER CENT); WHILE FOR EXPORTS BY AIR, OFFICE MACHINES AND AUTOMATIC DATA PROCESSING EQUIPMENT HAD THE LARGEST DECREASE (BY $2 508 MILLION OR 37 PER CENT).
RE-EXPORTS OF ELECTRICAL MACHINERY, APPARATUS AND APPLIANCES, N.E.S., AND ELECTRICAL PARTS THEREOF DROPPED BY $1 267 MILLION OR 23 PER CENT).
AS REGARDS SEABORNE TRADE, WHICH ACCOUNTED FOR 58 PER CENT OF TOTAL MERCHANDISE TRADE IN 1985, AN INCREASE OF $7 854 MILLION
IN TERMS OF TONNAGE, 92 OR 3 PER CENT OVER 1984 WAS RECORDED.
PER CENT OF TOTAL TRADE WAS CARRIED BY SEA.
A SIGNIFICANT INCREASE WAS RECORDED IN SEABORNE IMPORTS FROM TAIWAN (BY $3 966 MILLION OR 27 PER CENT) WHEREAS A DECREASE WAS REGISTERED IN SEABORNE EXPORTS TO THE U.S. (BY $2 460 MILLION OR 6 PER CENT),
RE-EXPORTS BY SEA TO CHINA INCREASED SIGNIFICANTLY (BY $4 432 MILLION OR 76 PER CENT). THE VALUE OF SEABORNE IMPORTS OF MACHINERY SPECIALISED TO PARTICULAR INDUSTRIES INCREASED BY $1 410 MILLION OR 47 PER CENT: WHEREAS THAT OF EXPORTS OF TELECOMMUNICATIONS AND SOUND RECORDING AND REPRODUCING APPARATUS AND EQUIPMENT DECREASED BY $1 910 MILLION OR 23 PER CENT. AN INCREASE IN SEABORNE RE-EXPORTS WAS RECORDED FOR MISCELLANEOUS MANUFACTURED ARTICLES (BY $1 699 MILLION OR 51 PER CENT),
THE REVIEW ALSO PUBLISHES UNIT VALUE AND QUANTUM INDEXES WHICH ARE OFTEN USED TO ASSESS THE MOVEMENTS IN COMMODITY PRICES AND CHANGES IN TRADE VOLUMES.
DURING 1985, IN TERMS OF TRADE VOLUME, IMPORTS INCREASED BY 6 PER CENT, DOMESTIC EXPORTS DECLINED BY 5 PER CENT, WHILE RE-EXPORTS ROSE BY 25 PER CENT, AS COMPARED WITH 1984.
/SUBSTANTIAL