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MONDAY, JANUARY 12, 1987
ON THE SAME BASIS OF COMPARISON, HONG KONG RECORDED INCREASES IN IMPORTS FROM ALL MAJOR SUPPLIERS, ESPECIALLY FROM SINGAPORE (55 PER CENT), THE REPUBLIC OF KOREA (54 PER CENT), SWITZERLAND (42 PER CENT), CHINA (35 PER CENT) AND THE FEDERAL REPUBLIC OF DERMANY (35 PER CENT).
RE-EXPORTS TO JAPAN, THE UNITED KINGDOM, THE U.S., THE FEDERAL REPUBLIC OF GERMANY AND TAIWAN INCREASED SIGNIFICANTLY BY 70 PER CENT, 70 PER CENT, 64 PER CENT, 55 PER CENT AND 51 PER CENT RESPECTIVELY.
TOTAL MERCHANDISE TRADE IN JANUARY TO NOVEMBER 1986, VALUED AT $497 022 MILLION, INCREASED BY 18 PER CENT COMPARED WITH THE SAME PERIOD IN 1985. ON THE SAME BASIS OF COMPARISON, DOMESTIC EXPORTS INCREASED BY 18 PER CENT TO $138 615 MILLION WHILE RE-EXPORTS INCREASED BY 15 PER CENT TO $109 919 MILLION SO THAT, FOR TOTAL EXPORTS, THE TRADE VALUE INCREASED BY 16 PER CENT, IMPORTS INCREASED BY 19 PER CENT TO $248 487 MILLION.
COMPARING JANUARY TO NOVEMBER 1986 WITH THE SAME PERIOD IN 1985. DOMESTIC EXPORTS TO MOST PRINCIPAL MARKETS INCREASED IN VALUE TERMS. THE MARKETS WITH RAPID GROWTH IN DOMESTIC EXPORTS INCLUDED FRANCE (46 PER CENT), THE FEDERAL REPUBLIC OF GERMANY (40 PER CENT), THE NETHERLANDS (35 PER CENT), JAPAN (34 PER CENT) AND SINGAPORE (25 PER CENT).
DOMESTIC EXPORTS TO HONG KONG'S TWO LARGEST MARKETS, THE U.S. AND CHINA, HOWEVER, GREW LESS RAPIDLY. BY 11 PER CENT AND 15 PER CENT RESPECTIVELY. DOMESTIC EXPORTS TO AUSTRALIA DECREASED BY 1 PER CENT.
IMPORTS FROM MAJOR SUPPLIERS GENERALLY INCREASED BETWEEN JANUARY TO NOVEMBER 1985 AND JANUARY TO NOVEMBER 1986, PARTICULARLY THOSE FROM SWITZERLAND (55 PER CENT), CHINA (39 PER CENT), THE REPUBLIC OF KOREA (28 PER CENT), ITALY (25 PER CENT) AND THE FEDERAL REPUBLIC OF GERMANY (21 PER CENT). A DECREASED WAS HOWEVER, RECORDED IN IMPORTS FROM SINGAPORE (-2 PER CENT).
ON THE SAME BASIS OF COMPARISON, RE-EXPORTS TO THE UNITED KINGDOM, THE FEDERAL REPUBLIC OF GERMANY, THE U.S., THE REPUBLIC OF KOREA AND TAIWAN INCREASED SUBSTANTIALLY BY 100 PER CENT 77 PER CENT, 52 PER CENT, 52 PER CENT AND 35 PER CENT RESPECTIVELY. ON THE OTHER HAND, RE-EXPORTS TO CHINA RECORDED A DECLINE (-14 PER CENT).
ALL TRADE STATISTICS PRESENTED HERE ARE MEASURED AT CURRENT PRICES AND NO ACCOUNT HAS BEEN TAKEN OF THE CHANGES IN PRICES BETWEEN THE PERIODS OF COMPARISON. A SEPARATE ANALYSIS OF THE PRICE AND VOLUME MOVEMENTS OF EXTERNAL TRADE FOR JANUARY TO NOVEMBER 1986 WILL BE RELEASED IN EARLY FEBRUARY, 1987.
THE CHANGES