15
THURSDAY, MAY 31, 1990
EXPORTS WAS ALMOST HONG KONG'S RE-EXPORTS WERE
IN 1983 THE VALUE OF HONG KONG'S DOMESTIC DOUBLE THAT OF ITS RE-EXPORTS. IN 1989, OVER 50 PER CENT HIGHER THAN ITS DOMESTIC EXPORTS.
THE POINT,
BETWEEN 1983 AND 1989, TO FURTHER ILLUSTRATE
AND ITS WHILE HONG KONG'S DOMESTIC EXPORTS INCREASED BY 115 PER CENT TOTAL TRADE BY 237 PER CENT, ITS RE-EXPORTS WENT UP 517 PER CENT.
UP
MAJOR STRUCTURAL CHANGES "THESE FIGURES SERVE TO REFLECT THE THAT HAVE TAKEN PLACE IN HONG KONG'S ECONOMY FOLLOWING THE OPENING OF CHINA'S ECONOMY IN THE EARLY 1980'S," HE SAID.
AN IMPORTANT CHANGE HAD ALSO OCCURRED IN HONG AMONG THE WORLD'S TRADING ENTITIES.
KONG'S POSITION
TRADING IN 1983, HONG KONG RANKED 17TH AMONG THE WORLD'S MAJOR
SAID, HE
WAS NO MEAN ACHIEVEMENT, NATIONS OR TERRITORIES WHICH, CONSIDERING HONG KONG'S VERY SMALL SIZE AND POPULATION.
"BY 1988, HOWEVER, WE HAD REMARKABLE ACHIEVEMENT,
SHOT
UP то
11TH
A PLACE,
TRULY
"THE
TRADING LARGEST
NATION,
POPULATION 40 TIMES THAT OF HONG KONG, HAD A TOTAL TRADE WAS ONLY ABOUT SIX TIMES THAT OF HONG KONG,
41
HE SAID.
THE UNITED STATES,
WITH
A
VALUE WHICH
0
-
1ST QUARTER EXPORTS STATISTICS RE-CLASSIFIED BY INDUSTRIAL ORIGIN PUBLISHED
BY THE ACCORDING TO THE STATISTICS RELEASED TODAY (THURSDAY)
MOST IMPORTANT INDUSTRY CENSUS AND STATISTICS DEPARTMENT, THE SIX
QUARTER GROUPS IN TERMS OF THE VALUE OF DOMESTIC EXPORTS IN THE FIRST
PRODUCTS; WEARING APPAREL, OF 1990 WERE: ELECTRICAL AND ELECTRONIC
AND KNITWEAR: TEXTILES,
KNITTING; INCLUDING EXCEPT FOOTWEAR
METAL PROFESSIONAL AND OPTICAL EQUIPMENT; BASIC METALS AND FABRICATED PRODUCTS; AND PLASTIC PRODUCTS.
THEY TOGETHER ACCOUNTED FOR 80.0 PER CENT OF THE TOTAL VALUE OF MERCHANDISE DOMESTIC EXPORTS IN THE FIRST QUARTER OF 1990.
INDUSTRIES MANUFACTURING
THE 1989
IN INCREASES WITH THE LARGEST
OF THE FIRST QUARTER ABSOLUTE VALUE OF DOMESTIC EXPORTS OVER
TEXTILES, INCLUDING KNITTING (+$209 WERE: TOBACCO (+$288 MILLION);
AND MILLION); CHEMICALS AND CHEMICAL PRODUCTS (+$207 MILLION); PAPER PAPER PRODUCTS, PRINTING AND PUBLISHING (+$99 MILLION); AND FOOD (+$51 MILLION).
IN
IN PERCENTAGE TERMS, INDUSTRIES WITH THE LARGEST INCREASES
OF 1989 WERE: THE VALUE OF DOMESTIC EXPORTS OVER THE FIRST QUARTER
PER TOBACCO (+68.3 PER CENT); CHEMICALS AND CHEMICAL PRODUCTS (+20.9
PER
RUBBER (+18.0 AND COAL OF CENT); PRODUCTS PRODUCTS (+16.3 PER CENT); AND FOOD (+13.8 PER CENT),
PETROLEUM
CENT);
/ON THE