2

CENT.

HOWEVER, THE VALUE OF RE-EXPORTS TO CHINA DECREASED BY 1 PER

COMPARING JANUARY TO AUGUST 1989 WITH THE SAME PERIOD IN 1988, JOMESTIC EXPORTS TO MOST MAJOR MARKETS INCREASED IN VALUE TERMS. THE MARKETS WITH MORE SIGNIFICANT GROWTH IN DOMESTIC EXPORTS INCLUDED JAPAN (+23 PER CENT), CHINA (+22 PER CENT), TAIWAN | +20 PER CENT), SINGAPORE (+16 PER CENT), CANADA (+10 PER CENT) AND AUSTRALIA {+7 PER CENT'.

HOWEVER, DOMESTIC EXPORTS TO THE USA AND THE UNITED KINGDOM SHOWED ZERO GROWTH WHILE THOSE TO THE FEDERAL REPUBLIC OF GERMANY AND THE NETHERLANDS DECREASED BY 1 PER CENT AND 1 PER CENT RESPECTIVELY.

IMPORTS IN JANUARY TO AUGUST 1989 FROM ALL MAJOR SUPPLIERS INCREASED IN VALUE TERMS COMPARED WITH THE SAME PERIOD IN 1988. SIGNIFICANT INCREASES WERE RECORDED IN IMPORTS FROM ITALY (+37 PER CENT), CHINA +33 PER CENT), SINGAPORE (+27 PER CENT), TAIWAN L +24 PER CENT), THE USA (+15 PER CENT), THE FEDERAL REPUBLIC OF GERMANY (+13 PER CENT), THE REPUBLIC OF KOREA (+12 PER CENT) AND JAPAN (+11 PER CENT).

OVER THE SAME PERIOD OF COMPARISON, RE-EXPORTS TO THE FEDERAL REPUBLIC OF GERMANY, THE USA, CANADA, THE UNITED KINGDOM, AUSTRALIA, JAPAN, SINGAPORE AND CHINA INCREASED SUBSTANTIALLY IN VALUE TERMS, BY 61 PER CENT, 50 PER CENT, 47 PER CENT, 46 PER CENT, 45 PER CENT, 36 PER CENT, 29 PER CENT AND 26 PER CENT RESPECTIVELY.

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 AUGUST 1989 WILL RE RELEASED EARLY NEXT MONTH.

THE CHANGES IN DOMESTIC EXPORTS TO HONG KONG'S 10 MAJOR MARKETS ARE SHOWN IN TABLE 1.

COMPARING JANUARY TO AUGUST 1989 WITH THE SAME PERIOD IN 1988, NOTABLE INCREASES IN DOMESTIC EXPORTS WERE REGISTERED FOR CLOTHING (BY $3,236 MILLION OR 8 PER CENT); OFFICE MACHINES AND AUTOMATIC DATA PROCESSING EQUIPMENT (BY $1,106 MILLION OR 13 PER CENT); TEXTILES (BY $909 MILLION OR 9 PER CENT) AND ARTIFICIAL RESINS AND PLASTIC MATERIALS, AND CELLULOSE ESTERS AND ETHERS (BY $782 MILLION OR 50 PER CENT).

WERE

RECORDED

FOR

MISCELLANEOUS

AND

AND

HOWEVER, DECREASES MANUFACTURED ARTICLES (BY $638 MILLION OR 3 PER CENT TELECOMMUNICATIONS AND SOUND RECORDING AND REPRODUCING APPARATUS EQUIPMENT (BY $196 MILLION OR 2 PER CENT).

TABLE 2 ILLUSTRATES THE CHANGES IN DOMESTIC EXPORTS OF MAJOR COMMODITY DIVISIONS.

THE

/THE CHANGES

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