12
WEDNESDAY, SEPTEMBER 26, 1990
THIS COMPARES WITH A SURPLUS OF $5,074 MILLION, EQUIVALENT 10.6 PER CENT OF THE VALUE OF IMPORTS, RECORDED IN AUGUST 1989.
TO
TOTAL
MADE
VALUE OF THE IN PERSPECTIVE, THESE FIGURES PUTTING EXPORTS FOR THE FIRST EIGHT MONTHS OF 1990 WAS $399,670 MILLION, UP OF DOMESTIC EXPORTS OF $142,075 MILLION AND RE-EXPORTS OF $257,595 MILLION.
TOTAL EXPORTS DOMESTIC WITH CENT AND RE-EXPORTS
WITH THE FIRST EIGHT MONTHS OF 1989, COMPARED GREW BY $30,932 MILLION OR 8.4 PER CENT IN VALUE TERMS,
FALLING BY $2,310 MILLION OR 1.6 PER EXPORTS RISING BY $33,242 MILLION OR 14.8 PER CENT.
BY $28,695 OVER THE SAME PERIOD, THE VALUE OF IMPORTS ROSE MILLION OR 7.7 PER CENT, TO $402,018 MILLION. A VISIBLE TRADE DEFICIT OF $2,348 MILLION, EQUIVALENT TO 0.6 PER CENT OF THE VALUE OF IMPORTS,
THIS COMPARES WITH WAS RECORDED IN THE FIRST EIGHT MONTHS OF 1990. DEFICIT OF $4,585 MILLION, EQUIVALENT TO 1.2 PER CENT OF THE VALUE IMPORTS, RECORDED IN THE SAME PERIOD IN 1989.
ON THE AUGUST FIGURES,
A OF
A GOVERNMENT SECRETARIAT COMMENTING SPOKESMAN SAID THE PERFORMANCE OF RE-EXPORTS CONTINUED TO BE ROBUST. THIS WAS LARGELY ATTRIBUTABLE TO THE STRONG GROWTH IN RE-EXPORTS OF CHINA ORIGIN, A FASTER GROWTH IN RE-EXPORTS TO CHINA ALSO CONTRIBUTED.
SUGGEST AS REGARDS RETAINED IMPORTS, A FURTHER SIGNIFICANT INCREASE WAS RECORDED IN AUGUST, FOLLOWING THE INCREASE IN JULY. THIS MAY SOME PICK-UP IN DOMESTIC DEMAND.
FROM THE
THE
SPOKESMAN ALSO SAID THAT DEVELOPMENTS STEMMING GULF CRISIS ARE EXPECTED TO HAVE SOME NEGATIVE EFFECT ON HONG KONG'S SITUATION IN THE TRADE, BUT PROBABLY NOT IMMEDIATELY, THE EXPORT UNITED STATES MARKET WILL BE PARTICULARLY INFLUENTIAL IN THIS REGARD.
THE FOLLOWING TABLE PRESENTS THE PROVISIONAL TRADE FIGURES AUGUST 1990.
FOR
MERCHANDISE:
DOMESTIC EXPORTS :
$21,128 MILLION
RE-EXPORTS
$38,304 MILLION
TOTAL EXPORTS
$59,432 MILLION
IMPORTS
TRADE BALANCE
$55,706 MILLION $3,726 MILLION
[IN SURPLUS]
COMPARATIVE FIGURES
LATEST 3 MONTHS
DOMESTIC EXPORTS
RE-EXPORTS
TOTAL EXPORTS
IMPORTS
TRADE BALANCE
JUN 90 TO AUG 90 HK$ MN.
JUN 89 TO AUG 89 HK$ MN.
INCREASE
HK$ MN.
%
60,382
61,284
-902
-1.5
108,694
93,143
15,551
16.7
169,076
154.427
14,649
9.5
162,206
146.753
15,453
10.5
6,870
7,674
-804
/SAME MONTH
+