WEDNESDAY, JULY 26. 1989
1
PROVISIONAL TRADE FIGURES FOR JUNE RELEASED
EXPORTS
WAS
THE
IN JUNE. THE YEAR-ON-YEAR GROWTH RATE OF DOMESTIC MODERATE. WHILE THAT OF RE-EXPORTS REMAINED SUBSTANTIAL. HOWEVER. GROWTH RATE OF IMPORTS SLOWED DOWN FURTHER.
TRADE FIGURES RELEASED
THESE ARE SHOWN IN THE PROVISIONAL TODAY WEDNESDAY BY THE CENSUS AND STATISTICS DEPARTMENT.
!
THE VALUE OF DOMESTIC EXPORTS IN JUNE 1989 LAS $18.956 MILLION.
THAN $836 MILLION ON 1.6 PER CENT HIGHER
IN JUNE 1988. WHILE THE VALUE OF RE-EXPORTS INCREASED BY $7.522 MILLION OR 33.5 $29,886 MILLION.
PER
L'ENT
TO
THE VALUE OF TOTAL EXPORTS (DOMESTIC EXPORTS PLUS RE-EXPORTS).
20.6 FEN AT $18,812 MILLION IN JUNE 1989. WAS THUS $8.368 MILLION CENT HIGHER THAN IN JUNE 1988.
OR
THE VALUE OF IMPORTS GREW BY 15.9 PER CENT OR $6.868 MILLION OVER A YEAR EARLIER. TO $50.054 MILLION IN JUNE 1989.
A VISIBLE
TRADE
DEFICIT OF $1.212 MILLION, 2.4 PER CENT OF THE VALUE OF IMPORTS. WAS RECORDED IN JUNE 1989. COMPARES WITH A DEFICIT OF $2.702 MILLION, EQUIVALENT TO 6.3 PER OF THE VALUE OF IMPORTS. RECORDEP IN JUNE 1988.
EQUIVALENT
TO THIS
CENT
PUTTING THESE TRADE FIGURES IN PERSPECTIVE. THE VALUE OF
1989 WAS $263.151 MILLION MADE OP OF EXPORTS IN THE FIRST HALF OF
OF $102.058 MILLION DOMESTIC EXPORTS
AND RE-EXPORTS OF $161.096
MILLION.
TOTAL
•
COMPARED WITH THE FIRST HALF OF 1988. IN VALUE TERMS TOTAL BY EXPORTS GREW BY $50.211 MILLION OR 23.6 PER CENT. POMESTIC EXPORTS
AND RE-FXPORTS BY $13. 775 MILLION OR $6.139 MILLION OR 6.7 PER CENT. 37.3 PER CENT.
OF IMPORTS OVER THE SAME PERIOD. THE VALUE MILLION OR 24.8 PER CENT. TO $276.623 MILLION.
GREW BY
354.932
01
TO 169 MILLION, EQUIVALENT A VISIBLE TRADE DEFICIT OF $13
4.9 WAS RECORDED IN THE FIRST HALF 01 PER CENT OF THE VALUE OF IMPORTS,
EQUIVALENT MILLION. 1989. THIS COMPARES WITH A DEFICIT OF SH.751
TO FIRST HALF OF 3.9 PER CENT OF
IMPORTS. PICORDED IN THE THE VALUE
1988.
C
ON COMMENTING
THESE FIGURES.
SPOKESMAN SAID THE PERFORMANCE OF
''
SECRETARIAT GOVERNMENT EXPORTS IN JUNF VARIED SHOWED THAT. IN VALUE WHILE SIGNIFICANTLY,
DOMESTIC AMONG MAJOR MARKETS. PRELIMINARY INDICAT LONS TERMS. DOMESTIC EXPORTS TO JAPAN AND CHINA GREW THOSE TO THE UNITED STATES RECORDED A MODEST INCREASE.
ON THE OTHER HAND. DOMESTIC EXPORTS TO THE FEDERAL REPUBLIC GERMANY AND THE UNITED KINGDOM DECLINED MARGINALLY. IT APPEARED EXPORT TRADE THAT COULD HAVE ANY DISRUPTIONS TO HONG KONG'S CAUSED BY THE RECENT EVENTS IN CHINA HAD NOT BEEN SIGNIFICANT.
REGARDS AS
RETAINED IMPORTS.
THE SPOKESMAN SAID YEAR-ON-YEAR GROWTH RATE FOR THE SECOND QUARTER AS A MODERATE. THIS MIGHT REFLECT SIMILARLY ON DOMESTIC THAT QUARTER.
OF
THAT
BREN
THE
WHOLE WAS ONLY DEMAND GROWTH IN
/TRADE FIGURES