7
TUESDAY, JULY 26, 1988
THE SPOKESMAN ALSO POINTED OUT THAT THE VERY RAPID GROWTH IN RE-EXPORTS REFLECTED THE INCREASING IMPORTANCE OF HONG KONG AS AN ENTREPOT FOR CHINA AND FOR THE EAST ASIAN REGION GENERALLY.
DURING THE FIRST HALF OF 1988, IN GROSS VALUE TERMS, RE-EXPORTS ACCOUNTED FOR 55.1 PER CENT OF HONG KONG'S TOTAL EXPORTS, COMPARED WITH 48.3 PER CENT RECORDED DURING THE SAME PERIOD IN 1987.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FIGURES FOR JUNE 1988.
TRADE
MERCHANDISE:
DOMESTIC EXPORTS RE-EXPORTS
: $18,126 MILLION
:
$22,359 MILLION
TOTAL EXPORTS
$40,485 MILLION
IMPORTS
$43,186 MILLION
TRADE BALANCE
$ 2,701 MILLION
IN DEFICIT]
COMPARATIVE FIGURES
LATEST 3 MONTHS
DOMESTIC EXPORTS
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
APR 88
TO JUN 88
APR 87
INCREASE
HKS MN.
ΤΟ JUN 87 HK$ MN.
HKS MN.
%
51,455
47,264
4,191
8.9
64,448
43,643
20,805
47.7
115,903
90,907
24,996 27.5
122,825
93,787
29.038 31.0
-6,922
-2,880
-4,042
SAME MONTH LAST YEAR
JUNE 1988
JUNE
INCREASE
HKS MN.
1987 HKS MN.
IIKS MN.
%
DOMESTIC EXPORTS
18.126
16,289
1,837
11.3
{% OF TOTAL EXPORTS)
(44.8%)(52.6%)
RE-EXPORTS
22,359
14,698
7,661
52.
1
TOTAL EXPORTS
40.485
30,987
9.498 30.7
IMPORTS
43,186
32,124
11,062
34.4
TRADE BALANCE
-2,701
+
-1, 137
+
-1,564
LAST MONTH