MONDAY, JULY 11, 1988
THE MARKETS WITH MORE SIGNIFICANT GROWTH IN DOMESTIC EXPORTS INCLUDED SINGAPORE (+39 PER CENT), CHINA (+27 PER CENT), FRANCE (+21 PER CENT), THE UNITED KINGDOM (+19 PER CENT), THE FEDERAL REPUBLIC OF GERMANY (+15 PER CENT) AND JAPAN (+14 PER CENT). ON THE OTHER HAND, DOMESTIC EXPORTS TO HONG KONG'S LARGEST MARKET, THE U.S.A., DECREASED BY 1 PER CENT IN VALUE TERMS.
IMPORTS IN JANUARY TO MAY 1988 FROM ALL MAJOR SUPPLIERS INCREASED IN VALUE TERMS WHEN COMPARED WITH THE SAME PERIOD IN 1987.
SIGNIFICANT INCREASES WERE RECORDED IN IMPORTS FROM THE REPUBLIC OF KOREA (+43 PER CENT), SWITZERLAND (+36 PER CENT), THE U.S.A. (+30 PER CENT), TAIWAN (+29 PER CENT) AND CHINA (+27 PER CENT). IMPORTS FROM JAPAN INCREASED BY 21 PER CENT IN VALUE TERMS.
DURING THE SAME PERIOD OF COMPARISON, RE-EXPORTS TO JAPAN, THE FEDERAL REPUBLIC OF GERMANY, TAIWAN, CHINA AND THE UNITED KINGDOM INCREASED SUBSTANTIALLY IN VALUE TERMS BY 86 PER CENT, 67 PER CENT, 49 PER CENT, 48 PER CENT AND 47 PER CENT RESPECTIVELY. RE-EXPORTS TO THE U.S.A. INCREASED BY 32 PER CENT IN VALUR TERMS.
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 IN MAY 1988 WILL BE RELEASED IN EARLY AUGUST.
THE CHANGES IN DOMESTIC MARKETS ARE SHOWN IN TABLE 1.
EXPORTS TO HONG
KONG'S 10 MAJOR
COMPARING JANUARY TO MAY 1988 WITH THE SAME PERIOD IN 1987, INCREASES IN DOMESTIC EXPORTS IN VALUE TERMS WERE RECORDED IN MOST MAJOR COMMODITY DIVISIONS.
THE MORE NOTABLE ONES WERE OFFICE MACHINES AND AUTOMATIC DATA PROCESSING EQUIPMENT (BY $1,525 MILLION OR 46 PER CENT); PHOTOGRAPHIC APPARATUS, EQUIPMENT AND SUPPLIES AND OPTICAL GOODS, WATCHES AND CLOCKS (BY $1,471 MILLION OR 27 PER CENT); ELECTRICAL MACHINERY, APPARATUS AND APPLIANCES AND ELECTRICAL PARTS THEREOF (BY $1,231 MILLION OR 23 PER CENT); AND TELECOMMUNICATIONS AND SOUND RECORDING AND REPRODUCING APPARATUS AND EQUIPMENT (BY $673 MILLION OR 12 PER CENT).
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DOMESTIC EXPORTS OF CLOTHING INCREASED BY $190 MILLION OR ONLY
1 PER CENT IN VALUE TERMS.
ON THE OTHER HAND, DECREASES WRRE RECORDED MANUFACTURED ARTICLES (BY $107 MILLION OR 1
(BY $107 MILLION OR 1 PER CENT) CURRENT (BY $75 MILLION OR 31 PER CENT).
IN
MISCELLANEOUS
AND ELECTRIC
TABLE 2