WEDNESDAY, DECEMBER 24, 1986
ANOTHER CONTRIBUTORY FACTOR WAS THE DEPRECIATION OF THE HONG KONG DOLLAR, IN LINE WITH THAT OF THE U.S. DOLLAR UNDER THE LINKED EXCHANGE RATE SYSTEM, AGAINST MOST MAJOR CURRENCIES
IN THE EARLIER PART OF THE YEAR, WHICH HAS ENHANCED THE EXTERNAL COMPETITIVENESS OF HONG KONG'S PRODUCTS.
HE ADDED THAT THE VALUE OF RE-EXPORTS CONTINUED TO INCREASE, SHARPLY IN NOVEMBER. THIS REFLECTER** 19 PART, CHINA'S EFFORTS *** IN PROMOTING ITS EXPORTS, RESULTING IN MORE CHINESE GOODS BEING CHANELLED THROUGH HONG KONG TO OVERSEAS MARKETS.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE TRADE FIGURES FOR NOVEMBER 1986:
MERCHANDISE:
DOMESTIC EXPORTS
RE-EXPORTS
$14 870 MILLION
412 275 MILLION
TOTAL EXPORTS
127 145 MILLION
IMPORTS
!
426 046 MILLION
TRADE BALANCE
#
# 1 099 MILLION
(IN SURPLUS)
COMPARATIVE FIGURES
GEP 86 TO NOV 8G
SEP 85 TO NOV 85
INCREASE
LATEST 3 MONTHS
NK# MN.
HK$ MN.
HK# MN.
DOMESTIC EXPORTS
44 173
33 ราก
10 583
31.5
RE-EXPORTS
35 693
25 444
10 249
40.3
TOTAL EXPORTS
79 866
53 034
20 832
35.3
IMPORTS
77 479
58 472
19.007
32.5
TRADE HAL ANCE
2 367
542
1 825
SAME MONTH LAST YEAR
DOMESTIC EXPORTS
( OF TOTAL EXPORTS)
RE-EXPORTS
NOVEMBER 1986 HKR MN.
NOVEMBER 1985 HK* MN.
INCREASE
HK† MN.
14970 (54.87)
11 450 (56.8%)
3 420
29.9
19 275
8 724
7 551
40.7
TOTAL EXPORTS