+
SATURDAY, FEBRUARY 27, 1988
PROVISIONAL TRADE FIGURES FOR JANUARY RELEASED
HONG JANUARY 1988.
KONG'S
EXTERNAL TRADE
CONTINUED TO
GROW
RAPIDLY IN
TODAY
THE YEAR-ON-YEAR GROWTH RATE OF DOMESTIC EXPORTS WAS,
DECEMBER 1987, ACCORDING TO THE LOWER THAN IN FIGURES RELEASED
(SATURDAY) BY THE DEPARTMENT.
HOWEVER, PROVISIONAL TRADE
AND CENSUS
STATISTICS
THE VALUE OF DOMESTIC
EXPORTS IN
THE VALUE
RE-EXPORTS
INCREASED
JANUARY
BY 53
1988
WAS $16,477 1987, PER CENT OR
MILLION, 17.2 PER CENT OR $2.424 MILLION HIGHER THAN IN JANUARY WHILE
OF $6,360 MILLION TO $18,364 MILLION.
RE-EXPORTS), MILLION HIGHER THAN
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS AT $34,841 MILLION, WAS 33.7 PER CENT OR $8,784 IN JANUARY 1987.
THE VAL
OF IMPORTS GREW BY 41 OVER JANUARY 1987 TO $33,150 MILLION,
PER CENT
OR
$9,634
MILLION
LARGER THAN MILLION, RECORDED POR
AS THE VALUE OF TOTAL EXPORTS IN JANUARY 1988 WAS THAT OF
A IMPORTS,
VISIBLE TRADE
OF $1,691 SURPLUS EQUIVALENT TO 5.1 PER CENT OF THE VALUE OF IMPORTS, WAS THE MONTH. THIS SURPLUS WAS, HOWEVER, LARGELY SEASONAL.
FOR ANY THAT MAY
FIGURES INTERPRETING
FLUCTUATIONS
CAUTION SHOULD BE EXERCISED IN INDIVIDUAL MONTH IN ISOLATION, IN VIEW OF THE OCCUR FROM MONTH TO MONTH.
PUTTING THE MONTH'S TRADE FIGURES INTO CONTEXT,
TOTAL EXPORTS FOR THE 12
UP OF
MONTHS DOMESTIC
MILLION, MADR RE-EXPORTS OF $189,140 MILLION.
ENDING JANUARY 1988
OF EXPORTS
$197,678
THE VALUE OF WAS $386,818 MILLION
AND
VALUE 1987, THE
OF COMPARED WITH THE 12 MONTHS ENDING JANUARY
OR 36.4 PER CENT, THA'T OF TOTAL EXPORTS GREW BY $103,324 MILLION
PER CENT, AND THAT OF DOMESTIC EXPORTS BY $40,172 MILLION OR 25.5 RE-EXPORTS BY $63,152 MILLION OR 50,1 PER CENT.
IMPORTS OREW BY
OVER THE SAME PERIOD, THE VALUE OF MILLION OR 38.1 PER CENT, TO $387,582 MILLION,
$106,918
PER
MONTHS
A VISIBLE TRADE DEFICIT OF $764 MILLION, EQUIVALENT TO 0.2
WAS RECORDED DURING THE 12 CENT OF THE VALUE OF IMPORTS, ENDING JANUARY 1988.
THESE
FIGURES.
A
ON COMMENTING SPOKESMAN POINTED OUT THAT THE TRADE FIGURES IN
GOVERNMENT
THE FIRST TWO MONTHS YEAR
SECRETARIAT
YEAR, WHILE IN
THIS
OF THE YEAR WERE USUALLY AFFECTED BY THE TIMING OF THE LUNAR NEW
LAST HOLIDAYS, WHICH OCCURRED IN LATE JANUARY YEAR THEY OCCURRED IN MID-FEBRUARY,
/THUS, THE