WEDNESDAY, JANUARY 25, 1989
25
THE YEAR-ON-YEAR GROWTH RATE IN MONEY TERMS OF DOMESTIC EXPORTS FELL FROM 14.6 PER CENT IN THE FIRST QUARTER TO 8.8 PER CENT IN THE SECOND QUARTER, BEFORE PICKING UP TO 9.8 PER CENT IN THE THIRD QUARTER AND 13.3 PER CENT IN THE FOURTH QUARTER.
THE SPOKESMAN ALSO NOTED THAT SUBSTANTIAL GROWTH THROUGHOUT 1988.
RE-EXPORTS
REGISTERED
AS A RESULT, 55.9 PER CENT OF THE VALUE OF TOTAL EXPORTS IN 1988 WAS TAKEN UP BY RE-EXPORTS, COMPARED WITH 48.4 PER CENT IN 1987.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL MERCHANDISE FURES FOR DECEMBER 1988.
MERCHANDISE:
DOMESTIC EXPORTS: RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
TRADE
$21,175 MILLION
$28,121 MILLION
$49,296 MILLION
$50,186 MILLION $890 MILLION
[IN DEFICIT]
COMPARATIVE FIGURES
LATEST 3 MONTHS
DOMESTIC EXPORTS
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
OCT 88 TO
OCT 87 TO
INCREASE
DEC 88 HK$ MN.
DEC 87 HK$ MN.
HK$ MN.
61,293
54,115
7,178
13.3
82,455
53,704
28,751
53.5
143,748
107,819
35,929
33.3
144,198
107,797
36,401
33.8
-450
22
-472
SAME MONTH LAST YEAR
DECEMBER 1988
HK$ MN.
DECEMBER 1987 HK$ MN.
INCREASE
HKS MN.
X
DOMESTIC EXPORTS
21,175
18,850
2,325
12.3
{% OF TOTAL EXPORTS)
(43.0%)
(49.7%)
RE-EXPORTS
28.121
19,056
9,065
47.6
TOTAL EXPORTS
49,296
37,906
11,390
30.
.0
IMPORTS
50,186
38,817
11,369
29.3
TRADE BALANCE
-890
-911
21
LAST MONTH
DOMESTIC EXPORTS
(% OF TOTAL EXPORTS)
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
DECEMBER 1988 HK$ MN.
NOVEMBER 1988 HKS MN.
INCREASE
HKS MN.
21.175
20,052
1,123
5.6
(43.0%)
(42.0%)
28,121
27.706
415
1.5
49,296
47,758
1,538
3.2
50,186
48,226
1.960
4.1
-890
-468
-422
/LAST 12