4L
WEDNESDAY, JUNE 24, 1987
COMPARED WITH THE SAME PERIOD
IN
1986,
THE
VALUE
OF
TOTAL
CENT, THAT OF DOMESTIC THAT OF RE-EXPORTS
EXPORTS GREW BY $38,670 MILLION OR 40.2 PER EXPORTS BY $16,675 MILLION OR 31.6 PER CENT, AND BY $21,995 MILLION OR 50.6 PER CENT.
OVER THIS PERIOD, THE VALUE OF IMPORTS GREW BY $39,530 OR 39.3 PER CENT, TO $140,029 MILLION.
TRADE DEFICIT
OF
MILLION
MILLION,
$5,097 A CUMULATIVE VISIBLE
WAS RECORDED IN EQUIVALENT TO 3.6 PER CENT OF THE VALUE OF IMPORTS,
A COMPARES WITH
VISIBLE TRADE THE FIRST FIVE MONTHS OF 1987. THIS
WAS DEFICIT OF $4,237 MILLION IN THE FIRST FIVE MONTHS OF 1986, WHICH EQUIVALENT TO 4.2 PER CENT OF THE VALUE OF IMPORTS IN THAT PERIOD.
COMMENTING
ON THESE
SECRETARIAT GOVERNMENT A FIGURES,
DOMESTIC EXPORTS IN THE SPOKESMAN SAID THAT THE GROWTH MOMENTUM OF
OF THIS LATTER PART OF 1986 HAD CONTINUED IN THE FIRST FIVE MONTHS YEAR, REFLECTING STRONG DEMAND FOR HONG KONG'S PRODUCTS IN OVERSEAS MARKETS AND THE STIMULATING EFFECT OF THE DEPRECIATION OF THE HONG OTHER KONG DOLLAR, IN LINE WITH THAT OF THE U.S. DOLLAR, AGAINST MOST
THE BARLY MONTHS OF MAJOR CURRENCIES DURING THE COURSE OF 1986 AND 1987.
TRADE AS A GIVEN
REMAIN
FIRST FIVE MONTHS THE VERY RAPID GROWTH IN RE-EXPORTS IN THE
THE FLOURISHING ENTREPOT OF 1987 WAS LARGELY ATTRIBUTABLE TO
AS A SOURCE AND WITH CHINA, WHICH FEATURED PROMINENTLY BOTH
ADDED SPOKESMAN
THAT, MARKET FOR HONG KONG'S RE-EXPORTS, THE THE STRONG GROWTH IN IMPORTS, EXPORT PERFORMANCE WAS LIKELY TO GOOD IN THE COMING MONTHS.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FIGURES FOR MAY 1987:
MERCHANDISE:
DOMESTIC EXPORTS RE-EXPORTS
$16,436 MILLION
: $14,690 MILLION
TOTAL EXPORTS IMPORTS
TRADE BALANCE
COMPARATIVE FIGURES
: $31,126 MILLION
: $31,174 MILLION
:
$48 MILLION (IN DEFICIT)
TRADE
MAR 87 TO
MAR 86 TO
LATEST 3 MONTHS
MAY 87 HK$ MN.
MAY 86 HK$ MN.
INCREASE
HK$ MN.
%
DOMESTIC EXPORTS
45,458
33,951
11,507
33.9
RE-EXPORTS
42,809
27,995
14,814
52.9
TOTAL EXPORTS
88,267
61,946
26,321
42.5
IMPORTS
92,394
64,710
27,684
42.8
TRADE BALANCE
-4, 127
-2,764
-1,363
/MAY