8
THURSDAY, MARCH 24, 1988
THE VALUE OF TOTAL EXPORTS FOR THE FIRST WAS $64,395 MILLION, MADE UP OF DOMESTIC EXPORTS AND RE-EXPORTS OF $34,278 MILLION.
TWO MONTHS OF 1988 OF $30,117 MILLION
COMPARED WITH THE FIRST TWO MONTHS OF 1987, THE VALUE OF
38 PER CENT THAT OF DOMESTIC EXPORTS GREW BY $17,730 MILLION OR EXPORTS BY $6,072 MILLION OR 25.3 PER CENT, AND THAT OF RE-EXPORTS 911,658 MILLION OR 51.5 PER CENT.
TOTAL
BY
$13,986 SURPLUS
OF IMPORTS GREW BY OVER THE SAME PERIOD, THE VALUE MILLION OR 29.4 PER CENT, TO $61,620 MILLION. A VISIBLE TRADE OF $2,775 MILLION, EQUIVALENT TO 4.5 PER CENT OF THE VALUE OF IMPORTS, WAS RECORDED FOR THE FIRST TWO MONTHS OF 1988.
THESE FIGURES, A
ON COMMENTING
GOVERNMENT SECRETARIAT SPOKESMAN SAID THAT WHILE THE GROWTH RATE OF DOMESTIC EXPORTS IN THE SOME DECELERATION IN FIRST TWO MONTHS OF THIS YEAR WAS STILL RAPID, GROWTH HAD OCCURRED SINCE THE FOURTH QUARTER OF LAST YEAR.
HE ADDED THAT THE STRONG GROWTH IN RE-EXPORTS WAS A
OF THE FLOURISHING ENTREPOT TRADE.
REFLECTION
IN IMPORTS IN HOWEVER, HE POINTED OUT THAT THE SLOWER GROWTH
THE GROWTH RATE OF FEBRUARY MIGHT SIGNAL A FURTHER DECELERATION IN DOMESTIC EXPORTS IN THE COMING MONTHS.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FIGURES FOR FEBRUARY 1988.
PROVISIONAL MERCHANDISE TRADE FIGURES FOR FEBRUARY, 1988
MERCHANDISE: DOMESTIC EXPORTS : $13,641 MILLION
TRADE
RE-EXPORTS TOTAL EXPORTS IMPORTS
$15,914 MILLION $29,555 MILLION
TRADE BALANCE
$28,470 MILLION $ 1,085 MILLION
[IN SURPLUS ]
COMPARATIVE FIGURES
LATEST 3 MONTHS
DEC 87 ΤΟ FEB 88 HK$ MN.
DEC 86 ΤΟ FEB 87 HK$ MN.
+
INCREASE
HK$ MN.
%
DOMESTIC EXPORTS
48,967
39,413
9,554
24.2
RE-EXPORTS
53.334
35,247
18,087 51.3
TOTAL EXPORTS
102,301
74,660
27,641 37.0
IMPORTS
100,438
75,102
25,336
33.7
TRADE BALANCE
1,863
-442
2,306
/SAME MONTH