3
THURSDAY, JANUARY 25, 1990
ANOTHER DEVELOPMENT OF CONCERN WAS THE CONTINUED DECELERATION OVER THE PAST FEW MONTHS IN THE GROWTH RATE OF RE-EXPORTS.
A LARGE PART OF THIS WAS DUE TO A MARKED DECLINE IN
RE-EXPORTS
ΤΟ CHINA, ALTHOUGH RE-EXPORTS OF CHINA ORIGIN STILL RECORDED
SIGNIFICANT GROWTH.
THE
SECOND
THE SPOKESMAN ADDED THAT, ON A YEAR-ON-YEAR COMPARISON, VALUE OF RETAINED IMPORTS SHOWED CONSIDERABLE DECREASES IN THE HALF OF 1989.
THIS SUGGESTED THAT BOTH DOMESTIC DEMAND AND DOMESTIC WOULD REMAIN RELATIVELY WEAK IN THE SHORT TERM.
EXPORTS
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES
FOR
DECEMBER 1989:
MERCHANDISE:
DOMESTIC EXPORTS RE-EXPORTS
TOTAL EXPORTS IMPORTS
TRADE BALANCE
: $19,915 MILLION $29,587 MILLION
: $49,502 MILLION $47,445 MILLION $2,057 MILLION
[IN SURPLUS]
COMPARATIVE FIGURES
LATEST 3 MONTHS
OCT 89 TO DEC 89
OCT 88
HK$ MN.
TO DEC 88 HK$ MN.
INCREASE
HKS MN.
DOMESTIC EXPORTS
60.177
61.291
-1,114
-1.8
RE-EXPORTS
91.617
82.457
9,160
11.1
TOTAL EXPORTS
151,794
143,748
8,046
5.6
IMPORTS
142,552
144,195
-1,643
-1.
1
TRADE BALANCE
9,242
-447
9,689
DECEMBER
SAME MONTH LAST YEAR
1989
HK$ MN
+
DECEMBER 1988 HKS MN.
DOMESTIC EXPORTS
19,915
21.173
INCREASE
HK$ MN.
-1,258
P
5. 9
(% OF TOTAL EXPORTS)
(40.2%)
(43.0%)
RE-EXPORTS
29,587
28,123
TOTAL EXPORTS
49.502
49.296
1,464 206
5.2
0.4
IMPORTS
17,445
50,183
TRADE BALANCE
2,057
-887
-2,738 2,944
-5.5
/LAST MONTH